746 Union St Allentown, PA 18101
- Land
Current Use by Public Records
- Land
Property Details for 746 Union St
- Property type
- Land
Description
This exceptional .5-acre commercial lot at 746 W Union Street, Allentown, PA, presents a unique investment opportunity in the heart of the city's revitalization. Located within one block of the Neighborhood Improvement Zone (NIZ), this property benefits from the surrounding $1 billion in new development and enjoys a strategic position in Allentown's rapidly expanding downtown core. Currently zoned for high-density residential use, the site is eligible for transfer into the lucrative NIZ tax zone, offering significant tax advantages. Furthermore, its location within a Federal Opportunity Zone provides additional investment incentives. The property's versatility is highlighted by the owner's willingness to consider various transaction structures, including outright sale, land lease, or build-to-suit options, catering to a wide range of development plans. With its prime location, zoning flexibility, and attractive investment incentives, this property represents a compelling opportunity for developers seeking to capitalize on Allentown's dynamic growth. The APN is 640619007717-1, and the property is situated in Lehigh County. This is a single-tenant property with a lot size of approximately half an acre.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4718
- Latitude
- 40.5986
