Description
Perfect for a business owner, investor or someone who wants to redevelop a site in the heart of Allentowns NIZ opportunity zone, this building features a first floor retail / office space that is currently a cigar shop, 2 large upper floor apartments and a private 15 car parking lot. The adjacent building at 962 is also available. The site is less than 100 from a new 5-story 78 unit complex and is 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.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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5,300SQFT
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$160$/SQFT
Description
Perfect for a business owner, investor or someone who wants to redevelop a site in the heart of Allentowns NIZ opportunity zone, this building features a first floor retail / office space that is currently a cigar shop, 2 large upper floor apartments and a private 15 car parking lot. The adjacent building at 962 is also available. The site is less than 100 from a new 5-story 78 unit complex and is 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.
© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-06-24T20:12:59.367.