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5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, or an office building or a mixed-use project. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000.
| DAYS ON MARKET | 5 | LAST UPDATED | 6/9/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Allentown City (12302) |
| COUNTY | LEHIGH | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLENTOWN |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Allentown City (12302) |
| CONSTRUCTION | Brick |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.32 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 38863 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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