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 a mixed-use project. 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.
| MLS # | PALH2012254 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 498 |
| Listing Provided By | Century 21 Keim Realtors | Loren K Keim |
| Zoning | B-2 |
|---|---|
| Acreage | 0.32 |
| Property View | City |
| Cooling | Central A/C, Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Roof | Flat |
|---|---|
| Construction Materials | Brick, Masonry |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 38863 |
|---|
| State | PA |
|---|---|
| County | LEHIGH PA |
| City | ALLENTOWN |
| Zip Code | 18101 |
| Area | Allentown City (12302) |
| School District | ALLENTOWN |
| State | PA |
|---|---|
| County | LEHIGH PA |
| City | ALLENTOWN |
| Zip Code | 18101 |
| Area | Allentown City (12302) |
| School District | ALLENTOWN |