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$ 1,295,000
Est. payment /mo
Active
19 N 11th ST Allentown City, PA 18101
51 Beds
44 Baths
34,320 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 34,320 sqft
Price per Sqft $37
Subdivision Not In Development
MLS Listing ID 774456
Bedrooms 51
Full Baths 44
Construction Status Unknown
HOA Y/N No
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 19 x 72
Property Sub-Type Apartment
Property Description
A rare opportunity to acquire a Fully Approved Multifamily Development opportunity located at the corner of Hamilton Street and North 11th Street in Center City Allentown. The project consists of 43 residential units and 1 ground-floor commercial space, designed as a five-story, highly efficient building featuring a double-loaded corridor layout and modern urban façade. The project is currently in final resolution compliance and should be finalized in the next 60 days, offering a near shovel-ready opportunity with minimal remaining pre-development scope. The unit mix is optimized for rental demand, with a strong concentration of efficiently sized one-bedroom units complemented by two-bedroom layouts for additional revenue potential. The property is being sold with partial Architectural plans the buyer would have to finalize structural and MEPs based on the design of their choosing. Parking for this building is secured across the street at 1128 W. Hamilton for a total of 30 spots and will be rented at a lower rate than Allentown Parking Authority. Located in the heart of Center City Allentown, the Property is positioned within one of the most actively transforming urban cores in Pennsylvania. The site benefits from immediate proximity to the PPL Center, a major regional entertainment venue that has catalyzed billions of dollars in public and private investment throughout the surrounding downtown corridor. Additionally, the Property is located near Archer Music Hall and the new Moxy Hotel further enhancing the neighborhood's appeal as a growing entertainment and lifestyle destination. Plans available by request.
Location
State PA
County Lehigh
Area Allentown-Central
Direction South on 12th Street - Left on Hamilton Left on 11th - Development Site on Right
Interior
Heating Electric, Forced Air
Cooling Wall Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Building
Story 5
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Allentown
Others
Senior Community No
Tax ID 549689778307 1
Special Listing Condition None
Listed by BHHS Regency Real Estate