Commercial
Half-Acre Pad Site in Downtown Allentown
746 Union St, Allentown, PA
For Sale$1,790,000
0.50 AC
Lot Size
Contact
Joseph Paranee, Paranee Property Management
Property Highlights
- Half acre developable pad site in downtown Allentown
- One block from the Neighborhood Improvement Zone
- Eligible for transfer into the lucrative NIZ tax zone
- Located in a federal Opportunity Zone
- Within one block of $1.0 billion of new downtown development
- Owner will consider land lease or build to suit as well as sale
Property Details
746 W Union Street sits conveniently in the heart of downtown Allentown. This premier half acre developable pad site and building lot is within one block of the Neighborhood Improvement Zone and $1.0 billion of new development downtown.
The property is currently zoned R-H for high density residential and is eligible to be transferred into the highly lucrative NIZ tax zone. It is also located in a federal Opportunity Zone.
This is an opportunity to invest in the fastest growing metropolitan city in Pennsylvania. The owner will consider a land lease or build to suit as well as a sale.
Property Facts
Price$1,790,000
Sale TypeInvestment
Property TypeCommercial
Property SubtypeLand / Vacant Land
ZoningR-H High Density Residential
Lot Size0.50 AC
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Joseph Paranee, Paranee Property Management
