Emmaus Redevelopment Opportunity: 55+
659 Broad St, Emmaus, PA 18049
Approved for 28 units, partially renovated, ideal for redevelopment.
Type:Multifamily, Senior Living
Property size:
17,658 SFLot size:
0.71 AcresPrice / SF:
$209/SF- Added:
- Mar 1, 2026
- Days on Market:
- 72
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 659 Broad St
General Information
- Standard status
- Active
- Size
- 17,658 SF
- Lot size
- 0.71 Acres
- Property subtype
- Multifamily, Senior Living
Listing agent Sam Del Rosario License #PA AB069329
Listing office Serhant Real Estate
Listing date Mar 1, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Serhant Real Estate
HighLights
- Approved redevelopment for 28 residential units (55+ age‑restricted multifamily apartment building).
- Located in Emmaus, a supply‑constrained Lehigh Valley submarket with limited multifamily inventory.
- Existing infrastructure includes elevator, sprinkler system, smoke control, and significant electrical components.
- Interior demolition, subfloor, framing, and major plumbing are largely complete.
- Convenient access to I‑78, Route 29, and PA Turnpike (476) for access to Allentown and Bethlehem.
- Construction manager and trades available to assist with renovation.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Renaissance Home Emmaus
Nursing Home
Location Insight
- Map
- Local Demand
- City
- Emmaus
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4966635
- Latitude
- 40.5308213
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Approved for 28 units, partially renovated, ideal for redevelopment.
Where is this apartment building located?
The property is located at 659 Broad St Emmaus, PA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Approved redevelopment for **28 residential units** (55+ age‑restricted multifamily apartment building).; Located in Emmaus, a supply‑constrained Lehigh Valley submarket with limited multifamily inventory.; Existing infrastructure includes **elevator, sprinkler system, smoke control**, and significant electrical components.
