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915 W Hamilton St 18,124 SF Office Building Allentown, PA 18101 $7,500,000 ($413.82/SF)
Executive Summary
5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, OR an office building OR renderings are available for a mixed-use project with retail first floor, office second floor and 7 to 10 stories of apartments above. The property backs up to an Allentown Authority parking garage. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$289,740
|
$25.97
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $289,740 |
| Annual Per SF | $25.97 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
18,124 SF
Building Class
B
Year Built
1900
Price
$7,500,000
Price Per SF
$413.82
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
2,589 SF
Building FAR
0.92
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
B-2
Amenities
- Bus Line
1 1
Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Number | 549790706678-1 | Improvements Assessment | $750,400 (2025) |
| Land Assessment | $111,800 (2025) | Total Assessment | $862,200 (2025) |
Property Taxes
Parcel Number
549790706678-1
Land Assessment
$111,800 (2025)
Improvements Assessment
$750,400 (2025)
Total Assessment
$862,200 (2025)
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915 W Hamilton St
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