911 Hamilton StAllentown, PA 18101

This mixed-use property at 911 Hamilton St, Allentown, PA 18101, presents a compelling redevelopment opportunity. The 6,536 square foot building, constructed in 1920, is currently vacant and offers significant potential. Situated on a 0.12-acre lot, the three-story Class B building boasts a desirable B-2 zoning designation. The property includes a paved parking lot with capacity for twelve vehicles. Its strategic location directly adjacent to the PPL tower places it within Allentown's vibrant NIZ (New Investment Zone), an area experiencing substantial growth with over a billion dollars in new development since the NIZ's inception. This area is surrounded by 450 new apartments, over 14,000 office workers, and entertainment venues such as the PPL Center. The existing building's three leasable floors offer flexibility for reconfiguration to suit various business needs. While current plans envision a seven-story structure, the potential for taller construction exists. The asking price is $999,900, translating to $152.98 per square foot. This presents a unique chance for investors and business owners seeking a prime location within a rapidly developing area. The tax benefits associated with the NIZ offer further financial incentives for redevelopment projects.