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Incredible NIZ Investment Opportunity 18 N 6th St 21,318 SF Retail Building Allentown, PA 18101 $2,399,000 ($112.53/SF)
INVESTMENT HIGHLIGHTS
- ***Owner Financing Available for Qualified Buyer***
- Allentown's Only Glass Roof Top Bar
- Neighborhood Improvement Zone Opportunity
- Top of the Line Finishes / Build Out
- Night Club/Restaurant/ Banquets/ Wedding Facility
- Multiple Parking Decks Nearby
EXECUTIVE SUMMARY
The resurgence of downtown Allentown, PA has been nationally noticed. There has been over $1 Billion in new development spurred by the creation of the one of a kind Neighborhood Improvement Zone (NIZ) legislation. New office buildings, retail, residential projects event centers and a world class sports and entertainment arena have pumped life into the downtown again. This gorgeous restaurant/ event/catering/ conference facility could be your opportunity to become part of the incredible success story. The six level structure boasts the only glass rooftop bar in Allentown. Each floor was elegantly designed utilizing the best finishes available. This restaurant opened as The Cosmopolitan and later transformed into Hook Seafood Restaurant. If anything the Cosmopolitan and Hook were ahead of their time in this once struggling city. Those times have certainly changed and this versatile facility is primed to be re-opened as designed or possibly repositioned as a boutique hotel or maybe a high end residential project. Current Owner will consider Leasing the structure to a qualified Tenant.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
21,318 SF
Building Class
B
Year Built/Renovated
2010/2015
Price
$2,399,000
Price Per SF
$112.53
Tenancy
Single
Building Height
6 Stories
Building FAR
5.44
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B-2 - Commercial
Frontage
65’ on 6th St
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 640710474906-1 | Improvements Assessment | $2,595,400 |
| Land Assessment | $60,700 | Total Assessment | $2,656,100 |
PROPERTY TAXES
Parcel Number
640710474906-1
Land Assessment
$60,700
Improvements Assessment
$2,595,400
Total Assessment
$2,656,100
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Incredible NIZ Investment Opportunity | 18 N 6th St
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