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Allentown,PA 18101
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 46,000 sqft
Price per Sqft $93
MLS Listing ID PALH2011634
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $29,180
Tax Year 2022
Lot Dimensions 39.97 x 230.00
Property Sub-Type Retail
Property Description
Redevelopment opportunity available for sale. This package deal consists of two buildings, 808-810 W Hamilton Street, and 943 W Hamilton Street, Allentown, PA 18101 808-810 W Hamilton Street is a +/- 22,400 SF (4) four-story commercial building fully sprinkled with ground-level retail, first, second, and third floors flex space with each floor approximately +/- 5,600 SF and served by a passenger elevator; other features of this building are the hardwood floor, large bay windows, and the view of downtown. 943 West Hamilton Street is a commercial +/-46,000 SF (5) five-story brick building with multiple offices, elevator access, and is fully sprinkled. Each floor is +/- 9,200 SF with a bay window in the front. Both buildings are zoned B-2 Central Business, which allows a variety of uses such as retail, office, service, Residential, government, and more. Located in the downtown city of Allentown, PA, NIZ (Neighborhood Improvement Zone), a special district created by state law that is being utilized to encourage development and revitalization in Center City and along the western side of the Lehigh River. The NIZ has evolved into a powerful economic development program that has generated over $1 billion in redevelopment activity by leveraging a unique tax incentive. A recent highlight of the NIZ's development is the Da Vinci Science Center at PPL Pavilion, a 67,000-square-foot facility that opened in May 2024. The $75 million project was partially funded through the NIZ.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B-2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 549699481981-00001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard