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Executive Summary

746 W Union Street, Allentown is conveniently in the heart of Downtown Allentown. This premier .5 +/- Acres developable pad site / building lot is within one block from the Neighborhood Improvement Zone and $1.0 Billion of new development in the downtown. This property is currently zoned for High Density Residential and is eligible to be transferred into the highly lucrative NIZ tax zone. The property is also located in the Federal Opportunity Zone. Do not miss this opportunity to invest in the fastesr growing metropolitan city in Pennsylvania.

Property Facts

Price $2,441,990 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.50 AC
No. Stories 2
Opportunity Zone Yes
Zoning R-H

1 Lot Available

Lot

Price $2,441,990 CAD
Price Per AC $4,883,979.38 CAD
Lot Size 0.50 AC

Description

746 W Union Street, Allentown is conveniently in the heart of Downtown Allentown. This premier .5 +/- Acres developable pad site / building lot is within one block from the Neighborhood Improvement Zone and $1.0 Billion of new development in the downtown. This property is currently zoned for High Density Residential and is eligible to be transferred into the highly lucrative NIZ tax zone. The property is also located in the Federal Opportunity Zone. Do not miss this opportunity to invest in the fast growing metropolitan city in Pennsylvania. Owner will consider land lease or build to suite as well as sale.

Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
640619007717-1
Land Assessment
$131,520 CAD
Improvements Assessment
$105,216 CAD
Total Assessment
$236,736 CAD
  • Listing ID: 22358016

  • Date on Market: 2021-02-28

  • Last Updated:

  • Address: 746 Union St, Allentown, PA 18101

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