746 Union St, Allentown, PA

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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