Remarks

Perfect for a business owner, investor or someone who wants to redevelop a site in the heart of Allentown’s NIZ opportunity zone, this building features a first floor retail / office space that is currently a cigar shop, 2 large upper floor apartments and a private 12 car parking lot. The site is directly across from the new Archer Music Hall and the new Moxy Hotel and next to a new 5-story 78 unit complex and is 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. Property is part of an approved 12-story residential development for 192 units, but Buyer would need to purchase the neighboring parcels in order to executed.

Details

MLS#: 750194
Price: $824,999

Style: Commercial,Office Building,Retail
Sq Ft: 5300
Year Built: 1900

County: Lehigh
Lot Size: 5053

School District: Allentown