746 Union St Allentown, PA 18101
- Land
- 0.50 lot acres
Current Use by Public Records
- Land
Property Details for 746 Union St
- Lot size
- 0.50 lot acres
- Property type
- Land
Description
Prime 0.5-acre commercial land parcel located at 746 Union St, Allentown, PA 18101. This exceptional property is situated in the heart of downtown Allentown, just one block from the Neighborhood Improvement Zone (NIZ), a thriving area experiencing over $1 billion in new development. Currently zoned for high-density residential, this lot presents a unique opportunity for significant returns. Its location within the NIZ offers the potential for advantageous tax benefits, further enhancing its investment appeal. Additionally, the property's designation as a Federal Opportunity Zone provides further tax incentives. This versatile site is ideal for a variety of development projects, catering to the growing demand for residential units in this dynamic urban center. The seller is open to exploring alternative transaction structures, including land lease options or build-to-suit arrangements, in addition to an outright sale. The APN is 640619007717-1. Don't miss this chance to capitalize on the rapid growth and revitalization of Allentown's downtown core.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4718
- Latitude
- 40.5986
