1140 W Hamilton St, Allentown, PA 18101

Description

Prime redevelopment opportunity in the heart of Downtown Allentown. Located at 1140 W. Hamilton Street, this mixed-use property sits in the middle of the city’s revitalized downtown corridor, just steps from restaurants, entertainment, offices, and the Allentown Public Library, with convenient access to the PPL Center and surrounding attractions. Prior to sustaining fire damage in 2024, this 3-unit brick building was fully occupied, consisting of one 1 bedroom residential unit, one 2-bedroom residential unit, and one ground-floor commercial space. The property is now positioned for a full rebuild or redevelopment and offers potential to convert the ground-floor commercial space into a residential unit or multiple residential units, subject to zoning, planning, and City approvals (buyer to verify). An escrow balance of $92,360 from fire insurance proceeds is currently held by the City of Allentown pursuant to the Pennsylvania Fire Escrow Act and will transfer with the property to the new owner, subject to City requirements. Funds are intended to be applied toward qualifying repair, removal, or securing costs, with release subject to City approval and completion of required work. Documentation on file. Ideal for experienced investors or builders seeking a mixed-use project near Allentown’s entertainment, dining, and business core. Cash only. Property being sold as-is.