949 Hamilton Street $4,500,000

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    949 Hamilton Street Allentown City, PA 18101

    • 0.42 Acres
    • Commercial
    MLS# 568646 | Available

    $4,500,000

    Market Estimate
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    Days On Market: 328 12 Views
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    Property Details

    PRICE REDUCED!!! Downtown Allentown, PA development site/redevelopment opportunity For Sale located in the burgeoning Neighborhood Improvement Zone (NIZ). The NIZ is unprecedented State Tax legislation created in 2009. The program has spurred almost one billion dollars in new development in downtown Allentown since it's inception including PP&L Event Center (Home to the Lehigh Valley Phantoms), multiple high rise office buildings, restaurants, retail, apartments and much more. Virtually all taxes generated within the NIZ (except school taxes and city taxes) can be used to pay down debt service on any financed construction improvements within the zone. This is one of the largest properties in the downtown available to purchase and develop. The current structures consist of approximately 34,020 SF of retail, office and residential in varying condition. The lot size is .42 acres. The structures can be redeveloped or razed for new development.

    Contact

    Customer Care

    Sales Associate

    BHHS Fox & Roach BHHS Fox and Roach Corporate Office

    Mobile Phone: 866-486-5636

    Neighborhood

    Market Last 30 Days

    $55,000 Median Sales Price
    1 Homes Sold
    0 New On Market

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      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,500,000
        9/11/2018 1:13:00 PM Price Reduced Source New Value: $4,500,000 -23.73%
        1/24/2018 2:50:00 PM New in Database Source New Value: $5,900,000

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