About This Restaurant
Investment Highlights
***Owner Financing Available for Qualified Buyer*** Allentown's Only Glass Roof Top Bar Neighborhood Improvement Zone Opportunity Top of the Line Finishes / Build Out Night Club/Restaurant/ Banquets/ Wedding Facility Multiple Parking Decks Nearby
Executive Summary
***UPDATE: Owner will consider holding mortgage with below market interest rates for QUALIFIED buyer with significant down payment.***The resurgence of downtown Allentown, PA has been nationally noticed. There has been over $1 Billion in new development spurred by the creation of the one of a kind Neighborhood Improvement Zone (NIZ) legislation. New office buildings, retail, residential projects event centers and a world class sports and entertainment arena have pumped life into the downtown again. This gorgeous restaurant/ event/catering/ conference facility could be your opportunity to become part of the incredible success story. The six level structure boasts the only glass rooftop bar in Allentown. Each floor was elegantly designed utilizing the best finishes available. This restaurant opened as The Cosmopolitan and later transformed into Hook Seafood Restaurant. If anything the Cosmopolitan and Hook were ahead of their time in this once struggling city. Those times have certainly changed and this versatile facility is primed to be re-opened as designed or possibly repositioned as a boutique hotel or maybe a high end residential project. Current Owner will consider Leasing the structure to a qualified Tenant.
Property Details
- Sale Type Owner User
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Bar General Retail Restaurant General Retail Storefront Retail/Residential Freestanding
- Building Size 21,318
- Building Class B
- Year Built/Renovated 2010/2015
- Price 3,400,000
- Price Per SF 159
- Tenancy Single
- Building Height 6 Stories
- Building FAR 5.44
- Land Acres 0.09 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Conferencing Facility
- Corner Lot
- Mezzanine
- Restaurant
- Security System
- Roof Terrace
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 640710474906-1 | Improvements Assessment | $60,700 |
| Land Assessment | $2,595,400 | Total Assessment | $2,656,100 |
| Date Created: | 2024-07-16 04:18:12 | Last Updated: | 2024-07-16 04:18:12 |
| Address: | 22 N 6th St , Allentown, Pennsylvania, 18101 | ||