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411 W Walnut St - 411 Walnut Street Development 0.21 Acres of Residential Land Offered at $750,000 in Allentown, PA 18102
Investment Highlights
- central business district
- zoned for taller structure
- close to public transportation
Executive Summary
B2 zoning allows for additional building height.
Prime location in central business district 1 block from government center
Strong rental market with low vacancy in newly constructed apartment buildings
Prime location in central business district 1 block from government center
Strong rental market with low vacancy in newly constructed apartment buildings
Property Facts Under Contract
| Price | $750,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | B2 - Business Commercial | ||
| Price | $750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.21 AC |
| Zoning | B2 - Business Commercial |
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 0.21 AC |
| Price Per AC | $3,609,152.81 |
| Price | $750,000 |
| Price Per AC | $3,609,152.81 |
| Lot Size | 0.21 AC |
Lot is 62' x 146' on the corner of West Walnut Street and 4th Street.
Description
We are presenting a rare development opportunity to build on a parcel zoned B2 in the central business district in Allentown, PA. Preliminary plans have been presented to build a 48,000 square foot, 6 story, 32 unit, market rate apartment building with 26 parking spaces. The seller is open to selling the parcel or partnering with a developer. Owner is a licensed PA real estate broker.
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Walk Score®
Very Walkable (86)
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411 W Walnut St - 411 Walnut Street Development
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