927 Hamilton StAllentown, PA 18101

Property Details for 927 Hamilton St

Year built

1950

Lot size

0.15 AC

Property size (Sq ft)

6,510 SF

Zone code

B-2

Property type

Office buildings

APN

549790606237-1

APU

5497906062371

Description

This exceptional investment opportunity presents a two-story, 6,510 square foot storefront retail building located at 927 W Hamilton Street in Allentown, Pennsylvania. The property, built in 1950, is classified as Class C and features a modified lease with a single tenant currently enjoying 100% occupancy for a remaining term of 5 years. The asking price is $900,000, translating to $138.25 per square foot. The building sits on a 6,447 square foot lot and includes three off-street parking spaces. Recent upgrades include electrical work completed in 2018 and 2022, and heating system updates in 2020 and 2022. A local alarm system, including a fire alarm, is installed for enhanced security. The property also benefits from a basement storage area. Zoned B-2-Central Business, this location is situated within Allentown's Neighborhood Improvement Zone (NIZ), offering significant potential. The surrounding area boasts a high residential density and numerous amenities, with the PPL Center conveniently located just three blocks away. Excellent accessibility is provided via Routes 22, 309, and 222. This property is comprised of two units within a single building. The APN is 549790606237-1.

• CAP approach

  CAP return

  Valuation

  6%

  $1,617,185

  6.5%

  $1,492,786

  7%

  $1,386,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,314

  Geo Method

  $850,597

• Alternative Use

  Use

  Valuation

  Residential

  $1,851,055

  Hospitality

  $1,695,556

  Educational

  $1,410,683

  Medical

  $1,459,198

  Retail

  $2,194,396

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6013

Longitude

-75.4767

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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