808-943 W Hamilton Street Portefeuille de bureau à vendre 2 biens 3 806 704 € Allentown, PA

Redevelopment opportunity available for sale. This package deal consists of two buildings, 808-810 W Hamilton Street, and 943 W Hamilton Street, Allentown, PA 18101
808-810 W Hamilton Street is a +/- 22,400 SF (4) four-story commercial limestone building fully sprinkled with ground-level retail, first, second, and third floors flex space with each floor approximately +/- 5,600 SF and served by a passenger elevator; other features of this building are the hardwood floor, the large bay windows, and the view downtown. 943 West Hamilton Street is a commercial +/-46,000 SF (5) five-story brick building with multiple offices, elevator access, 400-amp service, and is fully sprinkled. Each floor is +/- 9,200 SF with a bay window in the front. Both buildings are zoned B-2 Central Business, which allows a variety of uses such as retail, office, service, Residential, government, and more.
Located in the downtown city of Allentown, PA, NIZ (Neighborhood Improvement Zone), a special district created by state law that is being utilized to encourage development and revitalization in center city Allentown and along the western side of the Lehigh River.
The NIZ has evolved into a powerful economic development program that has generated over $1 billion in redevelopment activity by leveraging a unique tax incentive. A recent highlight of the NIZ's development is the Da Vinci Science Center at PPL Pavilion, a 67,000-square-foot facility that opened in May 2024. The $75 million project was partially funded through the NIZ. Another noteworthy addition is the construction of the Archer Music Hall, a live performance venue that has successfully secured its place on the list of downtown attractions since the PPL Center opened 10 years ago. Since the PPL Center's opening, 4 million visitors have attended games, concerts, and other events. With future plans still in progress for this city, there is much to anticipate, making this an exciting time to be involved in the blueprint.