A rare opportunity to acquire a Fully Approved Multifamily Development opportunity located at the corner of Hamilton Street and North 11th Street in Center City Allentown. The project consists of 43 residential units and 1 ground-floor commercial space, designed as a five-story, highly efficient building featuring a double-loaded corridor layout and modern urban façade. The project is currently in final resolution compliance and should be finalized in the next 60 days, offering a near shovel-ready opportunity with minimal remaining pre-development scope. The unit mix is optimized for rental demand, with a strong concentration of efficiently sized one-bedroom units complemented by two-bedroom layouts for additional revenue potential. The property is being sold with partial Architectural plans the buyer would have to finalize structural and MEPs based on the design of their choosing. Parking for this building is secured across the street at 1128 W. Hamilton for a total of 30 spots and will be rented at a lower rate than Allentown Parking Authority. Located in the heart of Center City Allentown, the Property is positioned within one of the most actively transforming urban cores in Pennsylvania. The site benefits from immediate proximity to the PPL Center, a major regional entertainment venue that has catalyzed billions of dollars in public and private investment throughout the surrounding downtown corridor. Additionally, the Property is located near Archer Music Hall and the new Moxy Hotel further enhancing the neighborhood’s appeal as a growing entertainment and lifestyle destination. Plans available by request.
100 days
|
974
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43
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Zillow last checked:
Listing updated:
Listed by:
Andrew A. Ginsburg610-349-6644,
BHHS Regency Real Estate610-432-5252
Source: GLVR,MLS#: 774456Originating MLS: Lehigh Valley MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 51
Bathrooms: 44
Full bathrooms: 44
Heating
Electric, Forced Air
Cooling
Wall Unit(s)
Interior area
Total interior livable area: 34,320 sqft
Property
Features
Stories: 5
Lot
Size: 8,276 Square Feet
Dimensions: 19 x 72
Details
Parcel number: 549689778307 1
Zoning: B-2
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Apartment, Single Family Residence
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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