$799,900
$50K PRICE DROP

Estimated payment $5,180/month

Total Views 38,745
-- Bed
-- Bath
10,021 Sq Ft
$80 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • Commercial or Retail Space
  • 4-minute walk to Allentown Arts Park

About This Home

Location! Great opportunity to be part of the downtown Allentown revitalization and own a property in the NIZ (Neighborhood Improvement Zone). This opportunity which includes both 623 and 625 Hamilton Street is just steps from the new PPL Arena and surrounded by over 1 Billion Dollars of new development. The rear of the property backs up directly onto the new Arts Walk. Owner has approved plans to add 8 Units to the upper floors. Owner has secured national tenant for 1 of the 4 potential commercial spaces on first floor. National tenant paying $3000/Month. Don't miss the prime re-developemnt opportunity. This property is a must see!

Listing Agent

Andrew Ginsburg

BHHS Regency Real Estate Listed on: 01/09/2024

BHHS Regency Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,470

Year Built

  • Built in 1900

Lot Details

  • 6,555 Sq Ft Lot
  • Lot Dimensions are 30 x 150

Parking

  • Off-Site Parking

Home Design

  • 10,021 Sq Ft Home
  • Commercial or Retail Space
  • Stucco Exterior

Utilities

  • No Cooling

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 640710363330001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,470

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 343100.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 10021

Exterior Features

  • Construction: Stucco

Garage/Parking

  • Parking: Off Site

Utilities

  • Cooling: No Air
  • Sewer: Public
  • Water: Public

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.150
  • Lot Dimensions: 30 x 150
  • Lot Sq Ft: 6555
  • Zoning Code: B-2-CENTRAL BUSINESS

Tax Info

  • Assessor Parcel Number: 640710363330001
  • County Taxes: 1296.92
  • Municipal Taxes: 2403.75
  • Total Taxes: 11469.55

Multi Family

  • School Taxes: 7768.88
  • Total Units: 9

MLS Schools

  • School District: Allentown

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2024 02/03/24 Price Changed $799,900 -5.9% $80 / Sq Ft
01/09/2024 01/09/24 For Sale $849,900 -- $85 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 730446

Greater Lehigh Valley REALTORS®