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- LoopNet Team
949 W Hamilton St
Allentown, PA 18101
NIZ Development Opportunity · Hospitality Property For Sale
·
58,305 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 58,305 SF |
| Property Subtype | Hotel | No. Stories | 5 |
| Building Class | B | Year Built | 2025 |
| Lot Size | 0.42 AC | Corridor | Interior |
| Zoning | B-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 58,305 SF |
| No. Stories | 5 |
| Year Built | 2025 |
| Corridor | Interior |
| Zoning | B-2 |
AMENITIES
- Fitness Center
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
- Smoke-Free
ABOUT 949 W HAMILTON ST , ALLENTOWN, PA 18101
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. For more information go to: https://www.allentownpa.gov/Neighborhood-Improvement-Zone 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. Call Ayon Codner today for more information.
PROPERTY TAXES
| Parcel Number | 549699389682-1 | Improvements Assessment | $0 |
| Land Assessment | $182,200 | Total Assessment | $182,200 |
PROPERTY TAXES
