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Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 31,750 sqft
Price per Sqft $44
MLS Listing ID PALH113900
Sold Date 12/03/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $16,260
Tax Year 2019
Lot Size 0.317 Acres
Acres 0.32
Property 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. 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.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B2
Interior
Hot Water Oil
Heating Steam, Other
Cooling None
Heat Source Oil
Exterior
Garage Spaces 75.0
Water Access N
Accessibility None
Total Parking Spaces 75
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 549689522449 001
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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