Property summary
Price Improvement! The resurgence of downtown Allentown, PA has been nationally noticed and applauded. There has been over $1 Billion in new development spurred by the creation of the one of a kind Neighborhood Improvement Zone (NIZ) legislation. New office buildings, retail, residential projects event centers and a world class sports and entertainment arena have pumped life into the downtown again. This gorgeous restaurant/ event/catering/ conference facility could be your opportunity to become part of the incredible success story. The six level structure boasts the only glass rooftop bar in Allentown. Each floor was elegantly designed utilizing the best finishes available. This restaurant opened as The Cosmopolitan and later transformed into Hook Seafood Restaurant. If anything the Cosmopolitan and Hook was ahead of it's time in this once struggling city. Those times have certainly changed and this versatile facility is primed to be re-opened as designed or possibly repositioned as a boutique hotel or maybe a high end residential project. Current Owner will consider Leasing the structure to a qualified Tenant.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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