19 N 11th Street
Property Description
A rare opportunity to acquire a Fully Approved Multifamily Development opportunity located at the corner of Hamilton Street and North 11th Street in Center City Allentown. The project consists of 43 residential units and 1 ground-floor commercial space, designed as a five-story, highly efficient building featuring a double-loaded corridor layout and modern urban facade. The project is currently in final resolution compliance and should be finalized in the next 60 days, offering a near shovel-ready opportunity with minimal remaining pre-development scope. The unit mix is optimized for rental demand, with a strong concentration of efficiently sized one-bedroom units complemented by two-bedroom layouts for additional revenue potential. The property is being sold with partial Architectural plans the buyer would have to finalize structural and MEPs based on the design of their choosing. Parking for this building is secured across the street at 1128 W. Hamilton for a total of 30 spots and will be rented at a lower rate than Allentown Parking Authority. Located in the heart of Center City Allentown, the Property is positioned within one of the most actively transforming urban cores in Pennsylvania. The site benefits from immediate proximity to the PPL Center, a major regional entertainment venue that has catalyzed billions of dollars in public and private investment throughout the surrounding downtown corridor. Additionally, the Property is located near Archer Music Hall and the new Moxy Hotel further enhancing the neighborhood's appeal as a growing entertainment and lifestyle destination. Plans available by request.
Broker Details
Prudential Regency Real Estate (610) 393-0892
MLS ID: aginsburg State License Number: RS334984
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,295,000 |
| No. of Units: | 44 |
| Lot Size: | 34,320.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $29,432 |
| Property Website | Click Here |
| Number of Bedrooms: | 51 |
| Number of Bathrooms: | 44 |
ID: 3yd-LVARPA-774456
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