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127 S 7th St

6,726 SF Specialty Building Offered at $799,900 in Allentown, PA 18101

Investment Highlights

  • center city Allentown
  • Center city walking distance from PPL Plaza
  • Walking distance to PPL Center/Hockey Arena
  • Business district
  • Walking distance from all PPL tower

Executive Summary

Open house for investors and for developers this Monday December 9th, 9am- 11 am, Let's have some coffee and donuts This versatile two-story office space, located at 127 S 7th Street, offers an exciting opportunity for conversion into a multifamily apartment building. Formerly an insurance office, the property is ideally suited to urban dwellers seeking convenience and accessibility. The building's existing structure provides a solid foundation for creating modern, comfortable living spaces, with ample room for multiple units. High ceilings, large windows, and an open floor plan offer the flexibility to design stylish and functional apartments. With the growing demand for residential units in the area, this property presents a lucrative investment for developers looking to transform commercial space into a vibrant community of homes. For other uses, please consult the city of Allentown zoning ordinance. Attached you will find all the current zoning uses for the City of Allentown, Residential or Industrial uses.

Property Facts

Price $799,900
Price Per SF $119
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Specialty
Property Subtype
Lodge/Meeting Hall
  • Specialty Religious Facility
  • Specialty Schools
  • Specialty Shelter
Building Class C
Lot Size 0.20 AC
Building Size 6,726 SF
No. Stories 2
Year Built 1956
Tenancy Single
Parking Ratio 1.19/1,000 SF

Amenities

  • Wheelchair Accessible
  • Fiber Optic Internet
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
640619561554-1
Land Assessment
$49,900
Improvements Assessment
$141,700
Total Assessment
$191,600

zoning

Zoning Code B-2 (B-2 Central Business District. The B-2 District is Allentown's Central Business District. See attached document.)
B-2 (B-2 Central Business District. The B-2 District is Allentown's Central Business District. See attached document.)
  • Listing ID: 32702154

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 127 S 7th St, Allentown, PA 18101

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