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    926 W Hamilton Street

    Allentown City, PA 18101
    • $1,800,000
    • STATUS: Available
    • ON SITE: 6 days
    • ID#: 654362
    New On Site 6 Days Ago
    UPDATED: 22 min ago
    $1,800,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,059
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $117,000 *PROJECTED* GROSS, $96,055 NET, 5.3% CAP RATE @ ASKING excluding buildout. EXTREME VALUE ADD with B2 commercial zoning & corner location with 8 parking spaces. This iconic 3 story building has a 30X120 lot featuring 3-leaseable floors projecting $9,750/mo. Exact Zoning = 3 St Or More Converted Store - Office/Apt Above. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPERS completing over $200MM in construction for over 600 units in NIZ zone (see renderings/images). Next to PPL event center and WITHIN billion-dollar downtown redevelopment. Building available with 20MM+ downtown portfolio (aerial image). See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.

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    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-11-26T18:12:57.347.
    www.seeinsidethehouse.com/homes/112050756
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    926 W Hamilton Street Allentown City, PA 18101

    • Price: $1,800,000
    • Status: Available
    • Updated: 22 min ago
    • ID#: 654362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,059
    SQFT
    $255
    $/SQFT
    1930
    Built
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-Central
    School District:
    Allentown
    Property Description
    DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $117,000 *PROJECTED* GROSS, $96,055 NET, 5.3% CAP RATE @ ASKING excluding buildout. EXTREME VALUE ADD with B2 commercial zoning & corner location with 8 parking spaces. This iconic 3 story building has a 30X120 lot featuring 3-leaseable floors projecting $9,750/mo. Exact Zoning = 3 St Or More Converted Store - Office/Apt Above. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPERS completing over $200MM in construction for over 600 units in NIZ zone (see renderings/images). Next to PPL event center and WITHIN billion-dollar downtown redevelopment. Building available with 20MM+ downtown portfolio (aerial image). See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.
    Exterior Features

    Construction Brick Lot Dimensions 30 X 230 Parking Paved Lot Parking Spaces 8

    Interior Features

    Cooling Wall Ac Heat Type Steam

    Property Features

    Electric 1500 Gas 0 Gross Income 117000 Heat 0 Lot Size Source Tax Records Net Income 96055 Operating Expense 20945 Other Expenses 1000 Possible Financing CashConventional Property Sub Type Category CommercialMixed Use Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 7945.64 Water Public Water Sewer 2000 Zoning Code B-2-Central Business

    Listing provided courtesy of Exp Realty Llc.


    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-11-26T18:12:57.347.
     
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    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809