949 Hamilton Street $5,900,000

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    949 Hamilton Street Allentown City, PA 18101

    • 0.42 Acres
    • Commercial
    MLS# 568646 | Available

    $5,900,000

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    Days On Market: 482 15 Views
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    Property Details

    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

    Bass Safi

    Agent

    RS346045

    Coldwell Banker Heritage Allentown

    Cell: 610-442-1722

    Neighborhood

    18101 (Allentown City) Demographics

    29Median Age
    11,900Population Density (per sq. mile)
    17%College Educated
    $19,048 Estimated Median Income
    185Estimated Total Home Owners
    1,330Estimated Total Renters
    12% / 88%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    4,153Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $50,000 Median Sales Price
    1 Homes Sold
    1 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,900,000
        3/14/2019 3:12:38 PM Price Increased Source New Value: $5,900,000 31.11%
        1/24/2018 2:50:00 PM New in Database Source New Value: $4,500,000

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