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1130-1136 Hamilton Street, Allentown, PA 18102 (MLS# PM-77117)

1130-1136 Hamilton Street, Allentown, PA 18102

$1,650,000
Property Type: Commercial Sale Square Footage: 31,750 Lot Size (sq. ft.): 13,939 Status: Closed
Current Price: $1,650,000 List Date: 10/12/2020 Last Modified: 3/03/2025

Overview

Description

1130-1136 W Hamilton is a 93.87% occupied 31,750 SF Office building with 2 residential apartments. This is an amazing opportunity to purchase a well run professional office building with stable income and tenant base. This three story building features just under 30,000 square feet of prime commercial office space and just under 2,000 square feet of residential rental space. A nearly fully occupied mixed use investment. The 0.77 acre property sits on four parcels with 76 parking stalls. Parking is at a premium on Hamilton St. with the incredible revitalization going on, and this property has one of the largest parking lots on Hamilton. Occupants include two law firms, an actuarial firm, an engineering company, and a nonprofit educational company along with local and regional businesses.

Supplements: Established, long term tenants anchor the buildings first and third floors. Smaller offices on the 2nd floor allow for size diversification helping to maintain high occupancy. The immediate area around the building features a public library, bank, and medical office, in addition to just a few short blocks away is the PPL Center and tons of fabulous ...

Listing Details MLS# PM-77117

General Property Information

Above Grade Finished Area
31750
Building Area Total
31750
Building Area Source
Estimated
Stories
3
Year Built
1950
Year Built Source
Other
Lot Size Acres
0.32
List Price/SqFt
59.84
Sold Price/SqFt
51.97

Property Features

Listing Terms: Cash; Conventional Possession: Negotiable Current Use: Commercial; Residential Possible Use: Other; See Remarks; Medical/Dental; Multi-Family Business Type: Professional Service; Professional/Office Construction Materials: Brick Cooling: None Heating: Oil Water Source: Public Sewer: Public Sewer Road Frontage Type: City Street Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2020-05-04
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Lehigh
Street Number
1130-1136
Street Name
Hamilton
Street Suffix
Street
City (Post Office)
Allentown
State
PA
Postal Code
18102
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Potential Use: R&D, Miscellaneous: Zoning Code B2
Public Remarks
1130-1136 W Hamilton is a 93.87% occupied 31,750 SF Office building with 2 residential apartments. This is an amazing opportunity to purchase a well run professional office building with stable income and tenant base. This three story building features just under 30,000 square feet of prime commercial office space and just under 2,000 square feet of residential rental space. A nearly fully occupied mixed use investment. The 0.77 acre property sits on four parcels with 76 parking stalls. Parking is at a premium on Hamilton St. with the incredible revitalization going on, and this property has one of the largest parking lots on Hamilton. Occupants include two law firms, an actuarial firm, an engineering company, and a nonprofit educational company along with local and regional businesses.

Status Change Information

Purchase Contract Date
2021-06-25
Close Date
2021-12-03
Close Price
1650000

More Information

Location, Tax, and Legal

Parcel Number
549689522449001
Municipality
Allentown City
High School District
Allentown City
Cnty&Muni Taxes (Legacy)
6223.36
School Tax Amount
10037.2
Tax Annual Amount
16260.56
Tax Assessed Value
500000
Tax Book Number
2014009005
Zoning Description
Commercial

Business Type

Professional Service
Yes
Professional/Office
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Negotiable
Yes

Current Use

Residential
Yes
Commercial
Yes

Possible Use

Other
Yes
See Remarks
Yes
Medical/Dental
Yes
Multi-Family
Yes

Construction Materials

Brick
Yes

Cooling

None
Yes

Heating

Oil
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: DLP Realty
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.