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
MLS # | PALH2012252 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active-bright |
Year | 1930 |
Days On Site | 9 |
Listing Provided By | Century 21 Keim Realtors | Loren K Keim |
Zoning | B-2 |
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Acreage | 0.16 |
Cooling | Wall Unit |
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Heating Yes / No | Yes |
Heating | Hot Water |
Construction Materials | Brick |
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Garage Yes / No | No |
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Sewer | Public Sewer |
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Tax Year | 2024 |
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Tax Annual Amount | 7231 |
Tax Lot | 014 |
State | PA |
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County | LEHIGH PA |
City | ALLENTOWN |
Zip Code | 18104 |
Area | Allentown City (12302) |
School District | ALLENTOWN |
Listing VS Median (in 18104) | |
Price: $1,290,000 low | high Med: $439,875 On site: 9 low | high Med: 0.000000 |