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
- Additional MLS: 759010
- Age: Over 50 Years Old
- Building Area: 47000.00 SF
- Cooling: Wall Unit A/C
- Cooling: Central A/C
- Cross Docks: N
- For Auction: N
- Heating - Fuel Type: Gas
- Lot Size In Text: 19950 Sq. Ft.
- MLSID: 759010
- Parking Places: 40
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Taxes: $38863.00
- Water: City Water
- Year Built: 1900
- Zoning: B-2-CENTRAL BUSINESS