659 Broad St Emmaus, PA 18049

This property presents a redevelopment opportunity in Emmaus, approved for conversion into a 55+ age-restricted multifamily apartment building. Situated on approximately 0.71 acres (30,971 square feet), the site features a three-story structure originally constructed in 1922, with an addition built in 2004. Approvals are in place for 28 residential units, accommodating 34 beds in studio, one-bedroom, and two-bedroom apartments, in accordance with the borough overlay and conditional use framework. The property, formerly an assisted living facility, is currently vacant and in mid-construction. Interior demolition, subflooring, and framing are largely complete. Electrical demolition and temporary service are established, and major plumbing has been installed. Existing systems include an elevator, sprinkler system, and smoke control. Major electrical components are included, such as a new pole, custom meter bank, CT box, apartment panels, service cable, and extensive wiring. New flooring for approximately half of the units is included, and damaged windows have been replaced. A burglar system is installed and active. The property is located in Emmaus, a supply-constrained Lehigh Valley submarket with limited new multifamily inventory and high barriers to entry. It offers convenient access to I-78, Route 29, and the PA Turnpike (476), providing connectivity to Allentown and Bethlehem. A construction manager and trades are available to assist the buyer in completing the renovation and stabilization. Plans and approvals are available to qualified buyers.