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$ 1,299,000
Est. payment | /mo
7,059 SqFt
$ 1,299,000
Est. payment | /mo
7,059 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,059 sqft
Price per Sqft $184
MLS Listing ID 735426
Year Built 1930
Annual Tax Amount $8,017
Lot Size 6,882 Sqft
Property Description
Incredible redevelopment opportunity for a corner building on a large 30' x
230' lot only 2 blocks from the PPL center in the heart of Allentown's NIZ
opportunity zone. This large 3 story building with off street parking may be
reconfigured, or an investor or user may consider building a new project to
take full advantage of all the benefits the opportunity zone offers.
Surrounded by 450 new apartments, 14,000+ office workers, and
entertainment venues including the PPL Center, there has been more an a
billion in new development in this zone since the NIZ inception because
most taxes generated in the NIZ can be used to pay down debt service on
any financed construction improvements within the zone.
230' lot only 2 blocks from the PPL center in the heart of Allentown's NIZ
opportunity zone. This large 3 story building with off street parking may be
reconfigured, or an investor or user may consider building a new project to
take full advantage of all the benefits the opportunity zone offers.
Surrounded by 450 new apartments, 14,000+ office workers, and
entertainment venues including the PPL Center, there has been more an a
billion in new development in this zone since the NIZ inception because
most taxes generated in the NIZ can be used to pay down debt service on
any financed construction improvements within the zone.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Wall AC
Exterior
Garage Spaces 8.0
Building
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
Listed by CENTURY 21 Keim Realtors