411 W Walnut St
Allentown, PA 18102
411 Walnut Street Development · Land For Sale
·
0.21 AC
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
| 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 |
| 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.
PROPERTY TAXES
| Parcel Number | 640720863167-1 | Improvements Assessment | $113,600 |
| Land Assessment | $151,800 | Total Assessment | $265,400 |
