描述

JLL as the selling agent is pleased to present 8th & Hamilton, a four-parcel development assemblage at 801-813 West Hamilton Street in the heart of Downtown Allentown, Pennsylvania. The 16,617-square-foot site carries 151 feet of frontage on Hamilton Street, the city's main commercial corridor, and sits steps from PPL Center among downtown's office towers, hotels and entertainment venues.

The Property is zoned MX-D, which permits both multifamily and office development as of right. Because the lot is wider than the zoning code's 80-foot threshold, the 14-story height cap does not apply and density is governed by a floor-area ratio of 24. Design documentation for a 21-story, Gensler-designed office tower is available for review upon execution of a confidentiality agreement. Three of the four parcels lie within the Neighborhood Improvement Zone, the state incentive district behind downtown Allentown's redevelopment.

The site sits at the center of the Lehigh Valley, a $57.3 billion regional economy of 708,644 residents with a record 343,975 jobs. Site Selection ranked the region the No. 1 mid-sized U.S. market for economic development in 2025.

8th & Hamilton embodies a compelling prospect for discerning investors seeking to participate in the vibrant Allentown office space market. It offers promising growth potential through strategic repositioning to create stable cash flow and significant appreciation in value.

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属性

Property Type

Development

Land area gross

0.38 acres (16,617 SF)

Zoning

MX-D

Frontage

151 feet on W Hamilton Street

Floor-Area Ratio

Incentive District

Neighborhood Improvement Zone (three of four parcels)

Existing Improvements

Approximately 49,563 SF above grade

媒体

投资亮点

Two Paths, Both As of Right. MX-D zoning permits multifamily and office.
Density the Lot Unlocks. The 151-foot lot width lifts the 14-story cap; a FAR of 24 governs.
Tower Design in Hand. Documentation for a Gensler-designed, 21-story office tower.
Single-Owner Assemblage. Four contiguous parcels totaling 16,617 SF, already assembled.
Steps from PPL Center. Six public parking decks within two blocks.
Neighborhood Improvement Zone. Three of the four parcels sit inside the NIZ.