746 Union St - .50 +/- ACRE PAD SITE SALE OR LEASE 0.5 Acres of Commercial Land Offered at $1,790,000 in Allentown, PA 18101
EXECUTIVE SUMMARY
746 W Union Street, Allentown is conveniently in the heart of Downtown Allentown. This premier .5 +/- Acres developable pad site / building lot is within one block from the Neighborhood Improvement Zone and $1.0 Billion of new development in the downtown. This property is currently zoned for High Density Residential and is eligible to be transferred into the highly lucrative NIZ tax zone. The property is also located in the Federal Opportunity Zone. Do not miss this opportunity to invest in the fastesr growing metropolitan city in Pennsylvania.
PROPERTY FACTS
| Price | $1,790,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.50 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $1,790,000 |
| Price Per AC | $3,580,000.00 |
| Lot Size | 0.50 AC |
DESCRIPTION
746 W Union Street, Allentown is conveniently in the heart of Downtown Allentown. This premier .5 +/- Acres developable pad site / building lot is within one block from the Neighborhood Improvement Zone and $1.0 Billion of new development in the downtown. This property is currently zoned for High Density Residential and is eligible to be transferred into the highly lucrative NIZ tax zone. The property is also located in the Federal Opportunity Zone. Do not miss this opportunity to invest in the fast growing metropolitan city in Pennsylvania. Owner will consider land lease or build to suite as well as sale.
1 of 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 640619007717-1 | Improvements Assessment | $76,800 |
| Land Assessment | $96,000 | Total Assessment | $172,800 |
