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Investment Opportunity available for sale in Downtown Allentown, PA. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bathroom residential apartments that are ready to be leased for $1,950 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups. The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown, PA, and along the western side of the Lehigh River. The NIZ program has Spurred more than half-billion dollars in redevelopment and is still urged to do more due to demand. The NIZ is a powerful program that aided in the development of the PP&L Event Center (Home to the Lehigh Valley Phantoms), multiple Class A high-rise office buildings, restaurants, retail, apartments, and the newly approved Da Vinci Science Center, which will feature a +/-67,000 SF structure based on renderings and to offer +/-30,000 SF of interactive exhibits. Current plans call for groundbreaking in spring 2022, with an opening date of spring 2024. ANIZDA has already Approved funding of 10.7 Million in addition to public improvement projects. Join the fastest-growing city in PA, Home to Fortune 500's Landmark regional brands, local businesses, and startups. Call today for additional details.
Listed by AYON Abraham CODNER of Keller Williams Real Estate - Allentown

Property Details of 148 S 7th Street

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