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

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 restaurants and shops. The building has undergone interior renovations with common area renovations underway.

More Information MLS# PM-77117

Contract Information

Listing Service: Full Service Lease Considered YN: No Property Sub Type: Business Sold Price: $1,650,000 Current Price: $1,650,000 Status: Closed Listing Contract Date: 2020-05-04

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

General Property Information

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

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.

Business Type

Professional Service: 1 Professional/Office: 1

Listing Terms

Cash: 1 Conventional: 1

Possession

Negotiable: 1

Current Use

Residential: 1 Commercial: 1

Possible Use

Other: 1 See Remarks: 1 Medical/Dental: 1 Multi-Family: 1

Construction Materials

Brick: 1

Cooling

None: 1

Heating

Oil: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1 Asphalt: 1

Road Responsibility

Public Maintained Road: 1

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

Status Change Information

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

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