For Sale
$750,000

411 Walnut StAllentown, PA 18102

Prime B-2 zoned lot, residential potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 9,052 square foot lot at 411 Walnut Street in Allentown, Pennsylvania's central business district presents a unique residential development opportunity. Located just one block from the government center, this B-2 zoned property offers significant potential. Preliminary plans exist for a six-story, 32-unit market-rate apartment building encompassing 48,000 square feet and 26 parking spaces. The B-2 zoning allows for additional building height, maximizing development potential. The strong rental market in Allentown, particularly for newly constructed apartment buildings, indicates a high demand and low vacancy rate, making this a compelling investment. The property is offered at $750,000, and the seller is open to both outright sale and potential partnerships with developers. This is a rare chance to acquire a prime parcel in a thriving urban core. The property is owned by Northport Properties LLC.

Highlights

  • B-2 zoning allows for additional building height, maximizing development potential.
  • Prime location in Allentown's central business district, one block from the government center.
  • Strong rental market with low vacancy rates for new apartment buildings.

Property Details for 411 Walnut St

Property type
Land

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.602500519832
Longitude
-75.464887776237
411 Walnut St, Allentown, Pennsylvania

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411 Walnut St
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