Allentown, PA 18101
- $1,300,000
- 13,344
- SqFt
- List Price
- $1,300,000
- Price Change
- ▲ $300,000 1779419514
- MLS#
- 775692
- Status
- ACTIVE
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Living Area
- 13,344
- Lot Size
- 4,138
- Year Built
- 1920
Property Description
Positioned in the heart of downtown Allentown within the highly sought-after Neighborhood Improvement Zone (NIZ), . The location of this prominent four-story building, benefits from excellent visibility, steady pedestrian flow, and proximity to major attractions, offices, and residential developments. Above the commercial space, the upper three floors present a rare value-add opportunity. Already wired, plumbed, and partially framed, these levels are primed for completion into nine residential apartments—offering investors the ability to capitalize on the area’s continued growth and demand for downtown living. With much of the heavy lifting already completed, this property provides a streamlined path to generating additional rental income while leveraging the tax advantages and incentives associated with the NIZ. Whether you're an investor looking for upside potential or a developer looking to maximize returns in one of Pennsylvania’s fastest-growing urban cores, this property delivers a compelling blend of stability, scalability, and location-driven value. *Business and Beer License are not included and are being sold separately. See MLS#777651
/u.realgeeks.media/lehighvalleydreamhomes/LVJL_logo_app.png){kind=logo}
Additional Information
- Acres
- 0.10
- Cooling
- Central Air
- Living Area
- 13,344
- Lot Size
- 4,138
- Parking Spaces
- 2
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Taxes
- $4,741
- Zoning
- B-2
Mortgage Calculator
Listing courtesy of RE/MAX Real Estate.
The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2026 Greater Lehigh Valley REALTORS®.