58 Residential Lots, Allentown

S 4th St and Barber St Allentown, PA 18103

FOR SALE
Property Type:
Residential Land Development
Amount:
$1,856,000
Last Verified:
Jun 04, 2019

Highlights

  • 58 lots, ready to go
  • TIF available to offset road improvements
  • Located in the QOZ!
  • Build to rent possible

Description

Located in City of Allentown, Southside Homes is a 58 lot subdivision consisting of 51 townhouses, 6 twins and 1 detached home. The project is located in the shadow of all the new "NIZ" development in the CBD offering a welcome alternative to the new Strata apartments. With all the new tenants locating to the CBD there is strong demand for new workforce housing.

Major employers in the immediate area include PPL, BBT, ADP, Lehigh County, LVHN, St. Luke's Hospital and more.

Located just South of the dynamic Allentown CBD. Easily accessable off Lehigh St at Aubern.

Lot Size: 5.59 acres

Map of S 4th St and Barber St, Allentown, PA, 18103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.