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