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911 to 921 W Hamilton St

4 Properties Offered at $8,150,000 in Allentown, PA

Investment Highlights

  • Located in the NIZ Opportunity Zone
  • 800' from the PPL Center
  • 425' from the DaVinci Science Center
  • In the heart of the revitalization district in Allentown

Executive Summary

The largest site available within the Neighborhood Improvement Zone (NIZ) perfect for major redevelopment project. The entire block adjacent to the PPL tower, this 30,057 SF site includes 7 buildings, fronts on 3 streets and backs up to the parking deck with the potential of a skywalk directly into the deck. While the property currently includes 6 storefronts and 22 apartments, with 131' along busy Hamilton Street, the true value is in redevelopment and taking advantage of the incredible tax incentives of the NIZ. Available are sketch plans for a 9-story mixed-use building and a 11-story hotel conference center.

Taxes & Operating Expenses (Actual - 2023)

Annual
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income $289,740
Net Operating Income -

Taxes & Operating Expenses (Actual - 2023)

Gross Rental Income
Annual -
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $289,740
Net Operating Income
Annual -

Property Facts

Price $8,150,000
Price / SF $187.67 / SF
Sale Conditions Redevelopment Project
Cap Rate 2.70%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 2
Total Building Size 43,427 SF
Total Land Area 0.56 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
911 W Hamilton St, Allentown, PA 18101 Retail 6,536 SF 1920 $999,900
913 W Hamilton St, Allentown, PA 18101 Retail 7,609 SF 1900 -
921 W Hamilton St, Allentown, PA 18101 Retail 18,124 SF 1900 $4,950,000
915 W Hamilton St, Allentown, PA 18101 Office 11,158 SF 1900 -
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  • Listing ID: 33663544

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 911 to 921 W Hamilton St, Allentown, PA

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