Allentown City, PA 18102,90 South 9th Street
Allentown City, PA 18102,90 South 9th Street
Allentown City, PA 18102,90 South 9th Street
$1,200,000
Est. payment /mo
$1,200,000
Est.Price: ?

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5,184 Sqft Lot
SOLD DATE : 12/13/2023

Key Details

Sold Price $1,200,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not In Development

MLS Listing ID 721853

Sold Date 12/13/23

Annual Tax Amount $1,818

Lot Size 5,184 Sqft

Property Description

Incredible Development Site with Approvals for a hi-rise in the Allentown Neighborhood Improvement Zone (NIZ). Located adjacent to the new Maple St Parking Deck and within a block of PPL Tower and 2 blocks of the new DaVinci Center and 10 new multi-million dollar redevelopment projects, the Landmark Tower was originally conceived and approved as a 34 story Class A tower with 7100 SF floor plates beginning on the 7th floor (based on air rights and approvals). The proposed development could qualify for tax credits as most taxes generated in the NIZ can be used to pay down debt service on financed construction improvements. More than $1 billion in investment has flowed into the NIZ because of these tax incentives. The buyer could build something smaller on the site, but is approved up to 34 stories. Offering Memorandum and development documents available upon request.

Location

State PA

County Lehigh

Area Allentown-Central

Exterior

Utilities Available Electric Overhead, Gas Available

Building

Sewer Public Site

Water Public Site

New Construction No

Schools

School District Allentown

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

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Listed by CENTURY 21 Keim Realtors
Bought with Keller Williams Real Estate

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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