Fully Approved 28-Unit 55+ Multifamily Redevelopment | Emmaus, PA

659 Broad St | Emmaus, PA 18049, USA | $3,330,000 | MLS ID: 772210

26 Beds
28 Baths
17,658 Sq. Ft.
30,971 Sq. Ft.
Prime Location

Redevelopment opportunity in the Borough of Emmaus with approvals in place for conversion to a 55+ age-restricted multifamily apartment community. Former assisted living facility situated on approximately 0.71 acres (±30,971 SF lot) with an existing three-story structure originally constructed in 1922. Project supports 28 approved residential units / 34 Beds (studio, one-bedroom, and two-bedroom layouts) under applicable borough overlay/conditional use framework. Property is currently vacant, mid construction. Select interior demolition, framing, mechanical, electrical, and plumbing work have been completed. Certain building systems and infrastructure components are in place, including elevator shaft, fire/life safety framework, and electrical service upgrades (additional details available upon request). Buyer to complete renovation and stabilization. Emmaus represents a supply-constrained residential submarket within the Lehigh Valley with limited new multifamily inventory. Property is located minutes from I-78, Route 29, and the PA Turnpike (476), providing regional access to Allentown, Bethlehem, and surrounding employment corridors. Offering presents opportunity for experienced multifamily operator or redevelopment group seeking approved age-restricted housing product in established residential borough setting. Additional architectural plans, approval documentation, and project materials available to qualified purchasers.