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915 W Hamilton St, Allentown, PA 18101

$7,500,000

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List Price: $7,500,000
Status: ACTIVE
Days on Market: 481
Price Change: ▲ $2,550,000 1761337744
MLS#: PALH2012254
Subtype: Commercial Sale
Year Built: 1900
Lot Size: 13,939
Acres: 0.32
MLS Area Major: Allentown City (12302)

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Property Description

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 a mixed-use project. 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.

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Additional Information

Taxes: $38,863
Zoning: B-2
Heating: Hot Water
Air Conditioning: Central Air, Wall Units
Roof: Flat
School District: Allentown
View: City