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411 W Walnut St
Allentown, PA 18102

411 Walnut Street Development · Land For Sale · 0.21 AC

INVESTMENT HIGHLIGHTS

  • central business district
  • zoned for taller structure
  • close to public transportation

EXECUTIVE SUMMARY

B2 zoning allows for additional building height.
Prime location in central business district 1 block from government center
Strong rental market with low vacancy in newly constructed apartment buildings

PROPERTY FACTS

Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 0.21 AC
Property Type Land
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.21 AC

1 LOT AVAILABLE

Lot

Price £596,469 Lot Size 0.21 AC
Price Per AC £2,870,330.00
Price £596,469
Price Per AC £2,870,330.00
Lot Size 0.21 AC

Lot is 62' x 146' on the corner of West Walnut Street and 4th Street.

DESCRIPTION

We are presenting a rare development opportunity to build on a parcel zoned B2 in the central business district in Allentown, PA. Preliminary plans have been presented to build a 48,000 square foot, 6 story, 32 unit, market rate apartment building with 26 parking spaces. The seller is open to selling the parcel or partnering with a developer. Owner is a licensed PA real estate broker.

PROPERTY TAXES

Parcel Number 640720863167-1 Improvements Assessment £90,345
Land Assessment £120,725 Total Assessment £211,070

PROPERTY TAXES

Parcel Number
640720863167-1
Land Assessment
£120,725
Improvements Assessment
£90,345
Total Assessment
£211,070

ZONING

Zoning Code B2 (Business Commercial)
B2 (Business Commercial)
 

  • Listing ID: 27558174

  • Date on Market: 20/01/2023

  • Last Updated:

  • Address: 411 W Walnut St, Allentown, PA 18102

The City Center Land Property at 411 W Walnut St, Allentown, PA 18102 is currently available. Contact Krieger Real Estate, LLC for more information.

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