$1,200,000
$1,200,000
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90 S 9th ST Allentown City, PA 18102
5,183 Sqft Lot
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 721853
Sold Date 12/06/23
HOA Y/N No
Annual Tax Amount $1,818
Lot Size 5,183 Sqft
Acres 0.119
Property Sub-Type Land
Property Description
Incredible Development Site with Approvals for a hi-rise in the Allentown Neighborhood Improvement Zone (NIZ). Located adjacent to the new Maple St Parking Deck and within a block of PPL Tower and 2 blocks of the new DaVinci Center and 10 new multi-million dollar redevelopment projects, the Landmark Tower was originally conceived and approved as a 34 story Class A tower with 7100 SF floor plates beginning on the 7th floor (based on air rights and approvals). The proposed development could qualify for tax credits as most taxes generated in the NIZ can be used to pay down debt service on financed construction improvements. More than $1 billion in investment has flowed into the NIZ because of these tax incentives. The buyer could build something smaller on the site, but is approved up to 34 stories. Offering Memorandum and development documents available upon request.
Location
State PA
County Lehigh
Community Curbs, Sidewalks
Area Allentown-Central
Direction Route 145 to Right onto Greenleaf, Left onto N 9th St.
Interior
Fireplace No
Exterior
Community Features Curbs, Sidewalks
Utilities Available Above Ground Utilities, Electricity Available, Natural Gas Available
Water Access Desc Not Connected (at lot),Public
Present Use Multi-Family
Topography Level
Street Surface Asphalt
Road Frontage City Street
Building
Lot Description Level
Sewer Public Sewer
Water Not Connected (at lot), Public
Schools
School District Allentown
Others
Tax ID 640609052579001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition None
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Bought with Keller Williams Real Estate