5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, OR an office building OR renderings are available for a mixed-use project with retail first floor, office second floor and 7 to 10 stories of apartments above. The property backs up to an Allentown Authority parking garage. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000
| MLS # | 759010 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 484 |
| Listing Provided By | CENTURY 21 Keim Realtors | Loren K. Keim Jr. |
| SQ Feet | 18,124 |
|---|---|
| Zoning | B-2-CENTRAL BUSINESS |
| Acreage | 0.46 |
| Tax Annual Amount | 38863 |
|---|
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18101 |
| Area | Allentown Central |
| Listing VS Median (in 18101) | |
Price: $7,500,000 low | high Med: $1,975 sqft: 18,124 low | high Med: 1,167 $ / sqft: $414 low | high Med: $2 On site: 484 low | high Med: 7 | |
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18101 |
| Area | Allentown Central |
| Listing VS Median (in 18101) | |
Price: $7,500,000 low | high Med: $1,975 sqft: 18,124 low | high Med: 1,167 $ / sqft: $414 low | high Med: $2 On site: 484 low | high Med: 7 | |