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Exceptional investment potential in Allentown's thriving Neighborhood Improvement Zone (NIZ). This three-story commercial building with a full basement offers a rare mix of stable income and significant value-add upside. The ground floor (approx. 4,800 SF) is fully leased to an NNN retail tenant, providing immediate cash flow. The 2nd and 3rd floors (approx. 3,050 SF each) are currently vacant"”ideal for redevelopment into office, residential, or mixed-use space. Zoned B-2 Central Business, this flexible property supports a wide range of uses, including retail, office, residential, service, or government. The NIZ tax opportunity further enhances financial viability and ROI. Located in the heart of downtown Allentown, this property is surrounded by over $1 billion in recent investment, 1500+ new apartments, and 14,000+ daily office workers. It's also within walking distance of key attractions such as the PPL Center Arena and the newly opened Da Vinci Science Center (May 2024). Whether you're an investor, developer, or owner-user, this is a unique opportunity to be part of Allentown's ongoing urban revitalization.
| DAYS ON MARKET | 88 | LAST UPDATED | 9/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Allentown-Central |
| COUNTY | Lehigh | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 4, '25 | $1,299,000 |
|---|---|
| Sep 4, '25 - Today | $1,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 3877 sq ft |
| LOT DIMENSIONS | 3877.0 |
| TAXES | 5441 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with HowardHanna TheFrederickGroup
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