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915 921 W Hamilton
Mixed Use | 4.44% CAP | 18,124 SF
Listing Contacts
Active
Asking Price: $4,950,000
Address
915 E Hamilton St, Allentown, PA 18109
Show on MapDate Added
Jan 14, 2022
Days on Market
1159 days
Time Since Last Update
50 days
Details
Property TypeMixed Use
Subtypemultifamily, office, retail
Square Footage18,124
Price/Sq Ft$273.12
Cap Rate4.44%
NOI$219,877
Units21
Year Built1900
Buildings5
Stories3
Lot Size (acres)0.32
APN549790706678001
Marketing Description
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.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,877.00
$18,323.08/mo
Valuation Metrics
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0
DSCR
4.44%
Cap Rate
4.44%
ROI
Property History
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Due Diligence
Listing Contacts
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