911 to 921 W Hamilton St
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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 | Status | Active |
Price / SF | $187.67 / SF | Number of Properties | 4 |
Sale Conditions | Redevelopment Project | Individually For Sale | 2 |
Cap Rate | 2.70% | Total Building Size | 43,427 SF |
Sale Type | Investment | Total Land Area | 0.56 AC |
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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911 to 921 W Hamilton St
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