• Broker Scott Solazzo 6107308159

24-Residential Unit for Sale 2 Properties Offered at $8,000,000 in Allentown, PA

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INVESTMENT HIGHLIGHTS

  • 0.5 acre redevelopment site for sale
  • Over 250 new upscale apartments finished 1/2 block away
  • The Lehigh and Northampton Transportation Authority (LANTA) operates bus services throughout the Lehigh Valley,
  • Opportunity Zone which qualifies for special loans and financing
  • The property is within walking distance of various stores, gas stations, and a library, offering convenient access to essential services.

EXECUTIVE SUMMARY

Join the downtown redevelopment revolution.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.

ATTACHMENTS

Allentown presentation 2023

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income -
Net Operating Income $255,000

PROPERTY FACTS

Price $8,000,000
Price / SF $571.43 / SF
Sale Condition Redevelopment Project
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,000 SF
Total Land Area 0.61 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
130 S 7th St, Allentown, PA 18101 Land 0.50 AC - -
130-136 S 7th St, Allentown, PA 18101 Multifamily 14,000 SF 1880 -
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