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    915 Hamilton St Allentown, PA 18109

    For Sale
    $4,950,000

    Prime Allentown location, high NOI, redevelopment potential.

    Property size:
    18,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional mixed-use property, located at 915 E Hamilton St in Allentown, Pennsylvania, presents a compelling investment opportunity. The 0.32-acre lot encompasses five buildings totaling 18,124 square feet, constructed in 1900 and featuring three stories. The property currently boasts 21 units, including four storefronts and seventeen residential units, generating a gross income of $269,700 and a net operating income (NOI) exceeding $200,000, with a 4.44% cap rate. The asking price is $4,950,000, translating to $273.12 per square foot. Situated on a corner lot at the intersection of Hamilton and Fountain Streets, this property benefits from its proximity to the PPL Tower and its location within a designated New Markets Tax Credit (NMTZ) opportunity zone, making it ideal for substantial redevelopment. Conceptual plans are available for a significant expansion, potentially including an eleven-story, 300-unit hotel with underground parking, or a new office building, or a larger mixed-use development. The property's APN is 549790706678001. This is a rare chance to acquire a substantial mixed-use asset with significant upside potential in a rapidly developing area of Allentown. The current income stream provides a solid foundation for future growth and redevelopment possibilities.

    Property Features for 915 Hamilton St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    18,124 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1900
    Buildings
    5
    Stories
    3
    Units
    21

    HighLights

    • Exceptional mixed‑use property in Allentown, PA, offering significant redevelopment potential.
    • Five buildings totaling 18,124 square feet on a 0.32‑acre corner lot.
    • Currently generates $269,700 gross income and over $200,000 NOI, with a 4.44% cap rate.
    • 21 units (4 retail, 17 residential); Asking price: $4,950,000 ($273.12/SF).
    • Located in a New Markets Tax Credit (NMTC) Opportunity Zone, near PPL Tower.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distinctive Notary & Services Tax Preparation Service GG&G Investment Inc. Real Estate Agency Cat C15 & C18 ... Engine Rebuilding Service Rosado Investment Group ... Property Management Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4393661
    Latitude
    40.6125325

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Allentown location, high NOI, redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 915 Hamilton St Allentown, PA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property in Allentown, PA, offering significant redevelopment potential.; Five buildings totaling 18,124 square feet on a 0.32-acre corner lot.; Currently generates $269,700 gross income and over $200,000 NOI, with a 4.44% cap rate.
    (610) 969-7200
    Request Owner's contact information
    915 Hamilton St Allentown, PA 18109
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    Allentown, PA 18109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    915 Hamilton St Allentown, PA 18109
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