943 W Hamilton Street

Description

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 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, large bay windows, and the view of downtown. 943 West Hamilton Street is a commercial +/-46,000 SF (5) five-story brick building with multiple offices, elevator access, 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 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.