2002 Hamilton Street

    Allentown City, PA 18104
    • $3,450,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 611192
    UPDATED: 26 min ago
    $3,450,000
    • 42
      BEDS
    • 1.53
      ACRES
    • 34
      BATHS
    • 5
      1/2 BATHS
    • 45,176
      SQFT
    • $76
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    School District:

    Description

    Formerly the Holiday Hair World Headquarters, this Class A, 50,000SF Professional Plaza has 75 parking spaces & completed plans to develop 32 residential units & 3 commercial units (See attached docs/images). This property could either be renovated into residential units per the plans or used as is and rented at $13 per SF for a Gross of $650k. This property is 25kSF/floor, sits on 1.5 flat acres & has superior curb appeal with 360 glass windows & over 300' of frontage. Owners keep the property in pristine condition & recently installed a 1.2 Million BTU gas furnace, new 30-year rubber roof, & a FULL SPRINKLER SYSTEM throughout the entire building. The owner's feasibility study focused heavily on on-demand generators within .5 Miles including Muhlenberg College, Cedar Crest College, St Luke's Hospital, Lehigh Valley Hospital, A-town Fairgrounds. DEP Phase I & II approved.

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    © 2019 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2019-08-23T00:13:01.36.
    www.poconoshousehunting.com/homes/94993210

    2002 Hamilton Street Allentown City, PA 18104

    • Price: $3,450,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 611192
    42
    Beds
    34
    Baths
    5
    ½ Baths
    1.53
    Acres
    45,176
    SQFT
    $76
    $/SQFT
    1946
    Built
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-West
    School District:
    Allentown
    Property Description
    Formerly the Holiday Hair World Headquarters, this Class A, 50,000SF Professional Plaza has 75 parking spaces & completed plans to develop 32 residential units & 3 commercial units (See attached docs/images). This property could either be renovated into residential units per the plans or used as is and rented at $13 per SF for a Gross of $650k. This property is 25kSF/floor, sits on 1.5 flat acres & has superior curb appeal with 360 glass windows & over 300' of frontage. Owners keep the property in pristine condition & recently installed a 1.2 Million BTU gas furnace, new 30-year rubber roof, & a FULL SPRINKLER SYSTEM throughout the entire building. The owner's feasibility study focused heavily on on-demand generators within .5 Miles including Muhlenberg College, Cedar Crest College, St Luke's Hospital, Lehigh Valley Hospital, A-town Fairgrounds. DEP Phase I & II approved.
    Exterior Features

    Construction BrickFrameOther Lot Dimensions 301.03 X 305.71 IRREG Parking Paved Lot Parking Spaces 75

    Interior Features

    Baths Modern Cooling Central Ac Features Fire Escape Heat Type Gas

    Property Features

    Electric 7628 Gas 7500 Gross Income 498600 Heat 0 Lot Size Source Tax Records Net Income 373909 Operating Expense 90765 Other Expenses 0 Possible Financing CashConventionalSeller Assisted Property Sub Type Category Apartment Style Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 14569.41 Water Public Water Sewer 14799 Year Built Exception Under Construction Zoning Code B-3-Highway Business

    Listing provided courtesy of Century 21 Keim.


    © 2019 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2019-08-23T00:13:01.36.
     
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