$150,000
INVESTOR & BUILDER OPPORTUNITY IN ALLENTOWN! 513-523 S Aubrey Street presents a compelling residential development opportunity on approximately 0.34 acres (14,608 SF) with an impressive 117 feet of road frontage. Under Allentown's new N3 - Twinhouse & House Neighborhood 1 zoning, Allentown Planning & Zoning has confirmed development potential of one unit per 18 feet of frontage under the Small General Building type, providing the ability to construct up to SIX RESIDENTIAL UNITS BY RIGHT. That represents an acquisition basis of just $25,000 per potential unit.
The property offers mostly level topography with a slight upward slope toward the rear, public water and public sewer available at the site, and overhead electric - excellent fundamentals for an infill residential development project. With 117 feet of frontage, the site provides flexibility for a thoughtfully designed six-unit project, whether envisioned as townhome-style residences, an income-producing rental development, or new construction homes for resale.
Location adds significantly to the investment potential. Situated in Allentown's East Side with convenient access to Downtown Allentown, Bethlehem, the Hamilton Street corridor, Lehigh Valley employment centers, shopping, dining, recreation, and major transportation routes including I-78, Route 22 and Route 145. The property is also convenient to the rapidly growing greater Lehigh Valley market and its extensive employment, healthcare, educational and entertainment amenities.
For investors and builders searching for land where zoning supports meaningful density without the acquisition cost of a large development parcel, this is an opportunity worth a serious look. Six-unit development potential, public utilities, favorable topography, strong frontage and an affordable per-door land basis combine to create a unique infill development opportunity in one of the Lehigh Valley's most active markets.
513 S Aubrey St, Allentown
Listing courtesy of Long & Foster Real Estate, Inc.. Contact: (302) 234-1111
