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411 W Walnut St - 411 Walnut Street Development

0.21 Acres of Residential Land Offered at $1,063,102 CAD in Allentown, PA 18102

Residential Land & Home Lots Pennsylvania Allentown 411 W Walnut St, Allentown, PA 18102

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

Attachments

2021-12-09-411 W Walnut St - Feasibility (1)

Property Facts

Price $1,063,102 CAD Property Type Land
Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 0.21 AC
Price $1,063,102 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.21 AC

1 Lot Available

Lot

Price $1,063,102 CAD Lot Size 0.21 AC
Price Per AC $5,115,866 CAD
Price $1,063,102 CAD
Price Per AC $5,115,866 CAD
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.

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Walk Score ®
Very Walkable (85)
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of any address. Transit Score®
measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Number 640720863167-1 Improvements Assessment $160,241 CAD
Land Assessment $214,125 CAD Total Assessment $374,365 CAD

PROPERTY TAXES

Parcel Number
640720863167-1
Land Assessment
$214,125 CAD
Improvements Assessment
$160,241 CAD
Total Assessment
$374,365 CAD

zoning

Zoning Code B2 (Business Commercial)
B2 (Business Commercial)
(917) 647-8840

  • Listing ID: 27558174

  • Date on Market: 2023-01-20

  • Last Updated:

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

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

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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411 W Walnut St, Allentown, PA for sale Primary Photo- Image 1 of 2
21083105-411 West Walnut Street Phase 01_Still Rendering_Exterior_V1.1.1

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411 W Walnut St - 411 Walnut Street Development
(917) 647-8840 x

411 W Walnut St - 411 Walnut Street Development

Joel Krieger

(917) 647-8840

(917) 647-8840

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