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Allentown,PA 18104
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,059 sqft
Price per Sqft $182
MLS Listing ID PALH2012252
Year Built 1930
Annual Tax Amount $7,231
Tax Year 2024
Lot Size 6,882 Sqft
Acres 0.16
Lot Dimensions 30.00 x 230.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Incredible redevelopment opportunity for a corner building on a large 30' x 230' lot only 2 blocks from the PPL center in the heart of Allentown's NIZ opportunity zone. This large 3 story building with off street parking may be reconfigured, or an investor or user may consider building a new project to take full advantage of all the benefits the opportunity zone offers. Surrounded by 450 new apartments, 14,000+ office workers, and entertainment venues including the PPL Center, there has been more an a billion in new development in this zone since the NIZ inception because most taxes generated in the NIZ can be used to pay down debt service on any financed construction improvements within the zone
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B-2
Interior
Hot Water Electric
Heating Hot Water
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 549699871501-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard