659 Broad Street,Emmaus Boro, PA 18049
Emmaus Boro, PA 18049
Description
Redevelopment opportunity in the Borough of Emmaus with approvals in place for conversion to a 55+ age-restricted multifamily apartment building. Former assisted living facility on approximately 0.71 acres (±30,971 SF) with a three-story structure originally built in 1922 with a 2004 addition. Approved for 28 residential units / 34 beds (studio, one- and two-bedroom apartments) under the applicable borough overlay and conditional use framework. The property is vacant and mid-construction. Interior demolition, subfloor and framing are largely complete. Electrical demo and temporary service are in place, and major plumbing has been installed. Existing systems include elevator, sprinkler, and smoke control. Major electrical components are included: new pole, custom meter bank, CT box, apartment panels, service cable, and extensive wiring. New flooring for approximately half of the units is included. Damaged windows have been replaced. Burglar system installed and active. Construction manager and trades available to assist. Buyer to complete renovation and stabilization. Emmaus is a supply-constrained Lehigh Valley submarket with limited new multifamily inventory and high barriers to entry. Minutes to I-78, Route 29, and PA Turnpike (476) with access to Allentown and Bethlehem. Plans and approvals available to qualified buyers. Contact listing agent for details and tours.
Details
| MLS # | 772210 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 221 |
| Listing Provided By | Serhant Pennsylvania LLC | Sam Del Rosario |
Features
| SQ Feet | 22,718 |
|---|---|
| Units | 28 |
| Zoning | R-HO |
| Acreage | 0.71 |
Parking
| Parking Features | Off Street, Parking Lot, On Street |
|---|
Taxes
| Tax Annual Amount | 63052.07 |
|---|
Area Information
| State | PA |
|---|---|
| County | Lehigh |
| City | Emmaus Boro |
| Zip Code | 18049 |
| Area | Emmaus |
| Listing VS Median (in 18049) | |
Price: $2,750,000 low | high Med: $382,000 sqft: 22,718 low | high Med: 1,948 $ / sqft: $121 low | high Med: $196 On site: 221 low | high Med: 74.5 | |
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Learn More About This Property
| State | PA |
|---|---|
| County | Lehigh |
| City | Emmaus Boro |
| Zip Code | 18049 |
| Area | Emmaus |
| Listing VS Median (in 18049) | |
Price: $2,750,000 low | high Med: $382,000 sqft: 22,718 low | high Med: 1,948 $ / sqft: $121 low | high Med: $196 On site: 221 low | high Med: 74.5 | |
 | $2,750,000659 Broad StreetEmmaus Boro, PA 18049 |
