Twitter
Facebook
Email
|
Prime NIZ Opportunity in the Heart of Downtown Allentown! Perfect for a business owner, investor, or visionary developer, this high-potential property is located in Allentown's dynamic Neighborhood Improvement Zone (NIZ), where more than $1 billion in new development has transformed the cityscape. This mixed-use building features: A first-floor retail/office space, now vacant and ready for your business or tenant, Two spacious upper-floor apartments, including one beautifully renovated in 2025, A private 10-car parking lot"”a rare find in the city core, Strategically located directly across from the brand-new Archer Music Hall and Moxy Hotel, and adjacent to a 5-story, 78-unit luxury apartment complex, the property sits in the midst of over 450 new apartments, 14,000+ daytime workers, and major entertainment venues like the PPL Center. Even better, under the NIZ program, most state and local taxes generated on-site can be used to pay debt service on financed construction improvements"”dramatically improving project feasibility and ROI. This is your chance to plant a flag in one of Pennsylvania's most innovative redevelopment zones.
| DAYS ON MARKET | 175 | LAST UPDATED | 6/9/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Allentown-Central |
| COUNTY | Lehigh | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to Jan 5, '25 | $995,000 |
|---|---|
| Jan 5, '25 - Jan 23, '25 | $824,999 |
| Jan 23, '25 - Feb 14, '25 | $799,500 |
| Feb 14, '25 - Feb 18, '25 | $699,900 |
| Feb 18, '25 - Mar 22, '25 | $899,900 |
| Mar 22, '25 - Apr 7, '25 | $814,999 |
| Apr 7, '25 - May 5, '25 | $999,900 |
| May 5, '25 - Jun 9, '25 | $699,900 |
| Jun 9, '25 - Today | $679,900 |
| ADDITIONAL DETAILS | |
| AREA | Allentown-Central |
|---|---|
| CONSTRUCTION | Brick |
| LOT | 5053 sq ft |
| LOT DIMENSIONS | 22.05 x 230 |
| SEWER | Public Sewer |
| WATER | Public |
| ZONING | B-2-CENTRAL BUSINESS |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with CENTURY 21 Keim Realtors
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Wesley Works
Real Estate to contact you even if your name is on a Federal or State
"Do not call List".