Neighborhood: Allentown-central, Not In Development
Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN USA (tax incentives in images). $1,056,000 Projected GROSS, $844,800 NET INCOME, 10.3% CAP @ ASK. This CLASS "A" portfolio includes 4 parcels totaling .46 contiguous downtown acres including over 43,000SF+ of leasable space and is home to the world-famous Fegley Brew Works brewery/restaurant/venue (Owner WILL Lease Back). Potential ROOFTOP BAR & MUST SEE 4th-floor loft-style luxury office space with incredible views and interior glass walls. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices/corporate or hotel (See virtual tour). Neighboring NIZ/OPP ZONE developers completing over $300MM in construction for over 600 units/massive parking deck & commercial/retail space in NIZ zone (see downtown development images). These buildings are immediately next to the PPL center and have incredible curb appeal, tremendous traffic/walking count, & significant upside.
Courtesy of: EXP Realty LLC Listing information provided courtesy of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th July, 2021 11:13 AM
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