Remarks

Incredible redevelopment opportunity for a corner building on a large 30’ x
230’ lot only 2 blocks from the PPL center in the heart of Allentown’s NIZ
opportunity zone. This large 3 story building with off street parking may be
reconfigured, or an investor or user may consider building a new project to
take full advantage of all the benefits the opportunity zone offers.
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

Details

MLS#: 759003
Price: $1,290,000

Style: Commercial
Sq Ft: 7059
Year Built: 1930

County: Lehigh
Lot Size: 30x230
Tax Fee: 8284.6599999999999

School District: Allentown