Remarks

5 Buildings make up the nearly half-acre corner of Hamilton and Fountain
in the same block as PPL Tower. Located in the incredible tax opportunity
zone of the NIZ, this site is perfect for a major redevelopment project.
Renderings are available for a major 11 story 300-unit hotel on this site with
underground parking, OR an office building OR renderings are available for
a mixed-use project with retail first floor, office second floor and 7 to 10
stories of apartments above. The property backs up to an Allentown
Authority parking garage. The property currently has 21 units incl 4
storefronts and 17 residential units with a Gross Income of $269,700,
although it could be significantly higher and an NOI of over $200,000

Details

MLS#: 759010
Price: $4,950,000

Style: Office
Sq Ft: 18124
Year Built: 1900

County: Lehigh
Lot Size: 230x61
Tax Fee: 38863

School District: Allentown