Address
915 W Hamilton Street, Allentown, PA
Price
$ 4,950,000
Property Attributes
- MLS#PALH2001934
- TypeCommercial
- CountyLEHIGH
- CityAllentown
- AreaAllentown City
- Zip18101
- StyleApartment Building,Convenience Store/Gas,Medical
- Year Built1900
- Taxes$ 28755
- Price$ 4,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage18124
- Lot Size0.32 Acres
Data Source:
Bright MLS
Property Description
5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, or an office building or a mixed-use project. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000.
| Price History | |
|---|---|
| 1/13/2022 | Listed $4,950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Central A/C,Wall Unit |
| Possession | Negotiable |
| Roof | Flat |
| Zoning | B-2 |
| Construction Materials | Brick,Masonry |
| Year Built | 1900 |
| View | City |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Gross Income | 289740.00 |
| Business Type | Apartment Building,Convenience Store/Gas,Medical,Other/General Retail,Professional |
| Accessibility | Elevator |
| County | LEHIGH |
| Net Operating Income | 219877.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Route 22 to Route 145 S,Right on Linden St,Left on N Fountain St,Left on Hamilton St. |
| ModificationTimestamp | 2024-03-14T16:03:47 |
| City | ALLENTOWN |
| Buyer Agent Compensation | 2.5 |
| Total Units | 21 |
| MLS Area | Allentown City (12302) |
| Lot Size Square Feet | 13972.00 |
| Tax Assessed Value | 862200.0 |
| Waterfront Y/N | No |
| Street Name | HAMILTON |
| Tax Annual Amount | 28755.0 |
| Price Per Sq Ft | 443.63 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 347 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 005 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 40 |
| Type of Parking | Parking Lot |
| Land Use Code | 4124 |
| Water View Y/N | No |
| Building Area Total | 11158.00 |
| Lot Dimensions | 60.75 x 230.00 |
| Lot Size Acres | 0.32 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 111800.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 40 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 18101
Price
Taxes
Visits
Year Built
Walkscore
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