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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
| DAYS ON MARKET | 212 | LAST UPDATED | 4/3/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Allentown-Central |
| COUNTY | Lehigh | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | Allentown |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| LOT | 0.458 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 230x61 |
| SEWER | Public Sewer |
| TAXES | 38863 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | B-2-CENTRAL BUSINESS |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with CENTURY 21 Keim Realtors
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This IDX solution is (c) Diverse Solutions 2024.
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