746 Union StAllentown, PA 18101

For Sale
$1,790,000

High-density residential lot, 0.5 acres

Overview

Added:
Dec 11, 2024
Days on market:
94
Prime 0.5-acre commercial land parcel located at 746 Union St, Allentown, PA 18101. This exceptional property is situated in the heart of downtown Allentown, just one block from the Neighborhood Improvement Zone (NIZ), a thriving area experiencing over $1 billion in new development. Currently zoned for high-density residential, this lot presents a unique opportunity for significant returns. Its location within the NIZ offers the potential for advantageous tax benefits, further enhancing its investment appeal. Additionally, the property's designation as a Federal Opportunity Zone provides further tax incentives. This versatile site is ideal for a variety of development projects, catering to the growing demand for residential units in this dynamic urban center. The seller is open to exploring alternative transaction structures, including land lease options or build-to-suit arrangements, in addition to an outright sale. The APN is 640619007717-1. Don't miss this chance to capitalize on the rapid growth and revitalization of Allentown's downtown core.

Highlights

  • $1,790,000 asking price.
  • 0.5-acre commercial land parcel.
  • High-density residential zoning.
  • Located at 746 Union St, Allentown, PA 18101 (APN: 640619007717-1).
  • One block from Allentown's Neighborhood Improvement Zone (NIZ).
  • Eligible for NIZ tax benefits and located in a Federal Opportunity Zone.

Property Details for 746 Union St

Property type
Other land, Land
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.5985832
Longitude
-75.4717777
746 Union St, Allentown, Pennsylvania

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746 Union St
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