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 renderings are available for a mixed-use project with retail first floor, office second floor and 7 to 10 stories of apartments above. The property backs up to an Allentown Authority parking garage. 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
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $4,950,000 | $273 | CENTURY 21 Keim Realtors |
Year | Annual Amount | Description |
---|---|---|
$38,863 |
Elementary School Central Elementary School | 0.2 miles away | 01 - 05 | |
Elementary School Mckinley Elementary School | 0.3 miles away | 01 - 05 | |
Elementary School Cleveland Elementary School | 0.5 miles away | 01 - 05 |