Unique and amazing investment opportunity for the savvy investor and/or small business owner looking to capitalize on the tremendous growth of the dynamic city of Allentown. Prime Location in the growing business district of Center City Allentown: This 3865 sq.ft. ground floor commercial facility at the corner of South 9th Street & Maple Street has tons of visibility! It sits 1/2 block south of Hamilton Street on the busy and well-traveled South 9th Street area and in the middle of all the action of Center City Allentown, near Allentown Sports Arena Complex, CITY PLACE (a 198-unit luxury apartment complex being built by City Center Residential, directly across the street from this property, on the corner of 9th and Maple street, the PP&L Tower and Center, and Butz Corporate Center and across the street from the planned 33-story Allentown Landmark Tower. This location has enormous potential due to the massive daily amount of foot and vehicle traffic directly in front of this property via one of the city's largest parking facilities directly across the street and the 8th street bridge is only two blocks away. Some commercial kitchen equipment from prior use as a restaurant convey with the property. Also, above the commercial space are two apartments: • 3 bd apartment - approximately 1200 sq.ft. - rent $1160/mo • 2 bd apartment - approximately 1100 sq.ft. - rent $1050/mo There are existing architectural plans, City approvals and permits for a 3rd apartment which merely needs to be renewed and updated with the City (approximately 1000 sq.ft. 2 bd apartment). Many improvements have already been made, IE. 5 of the 6 roofs are less than 7 years old, apartment renovations over the last five years. Some interior and exterior cosmetic work is needed to update the property to current standards, this property is a diamond in the rough yet with a small investment this one will shine! With 20-30% down, you can buy this property for what it cost (approx. $1500-1600) to rent a 2-3 bedroom apartment in Center City Allentown. For the owner operator live rent free and put money in your pocket. Enormous potential for businesses downtown during this time of growth! Upcoming projects within walking distance: ? Five City Center will encompass a block of Eighth Street and a block of Walnut Street, is to include the 24-story Innovation Tower at Eighth and Hamilton streets, a 12-story high-rise apartment building at Seventh and Walnut streets and a roughly 10-story apartment and parking structure at Eighth and Walnut streets. ? In early 2019 more apartments and parking will be built. The apartments will be similar to those City Center is building along Sixth and Linden streets, which will rent for about $1,100 to $1,800 per month. There are indications that the high demand for these units may push the rent to $2,000 a month. ? Since 2012, City Center Investment Corp. has spent nearly $400 million to build four office buildings, more than 300 apartments, dozens of shops and the Renaissance Hotel. The company expects its spending to total $1 billion by 2022. ? A 1,400-capacity concert hall as part of Five City Center. Under the plans, the hall also would open onto a new city park, allowing another 1,100 people to attend a concert in warm weather. ? Jobs in downtown Allentown have gone from 9000 to 14000 from 2012 to 2014 and are projected to be at 16000 by 2018 Source: http://www.mcall.com/business/mc-allentown-city-center-tallest-20170426-story.html Just imagine the additional, immense amount of commerce that these mega projects will bring to the area! Now is the time to invest and get in on the ground floor! This is truly a once in a life time investment opportunity! There are no other properties with these qualities available on the market within a 4-5 block radius of the Hamilton Street Complex Sports Arena in this price range. The possibilities at the 25-27 south 9th Street locale are endless! This one will not last!
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