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PRICE $3,330,000 dsIDX morgage calculator
SIZE 22,718 sqft
LOT SIZE 30,928 sqft

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 situated on approximately 0.71 acres (±30,971 SF lot) with an existing three-story structure built in 1922 and 2004. Project supports 28 approved residential units / 34 Beds (studio, one bedroom and two bedroom apartments) under applicable borough overlay/conditional use framework. The property is currently vacant, mid construction. Interior demolition, subfloor and framing are almost entirely complete. Electrical demo and temp service is in place. Major plumbing is in place. Certain building systems and infrastructure components are in place, including elevator, sprinkler system and smoke system control. Major electrical components including new pole, custom meter bank, ct box, apartment panels, service cable, and a large amount of wiring, receptacles, switches and boxes are included. New flooring for half of the apartments is included. All damaged windows have been replaced. Burglar system is installed and active. Construction manager, electrical and hvac contractors and construction crew are available to help complete the project. Buyer to complete renovation and stabilization. Emmaus represents a supply-constrained residential submarket within the Lehigh Valley with limited new multifamily inventory and challenging construction barriers. 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 multifamily operator or redevelopment group seeking approved age-restricted housing product in established residential borough setting. Architectural and engineering plans, approval documentation and additional project materials available to qualified buyers. Contact listing agent for details and tour scheduling.

DAYS ON MARKET 57 LAST UPDATED 4/2/2026
TRACT EMMAUS YEAR BUILT 1922
COMMUNITY Emmaus Boro (12307) COUNTY LEHIGH
STATUS Active PROPERTY TYPE(S) Commercial

SCHOOLS
School District EAST PENN
Elementary School LINCOLN
Jr. High School EYER
High School EMMAUS

PRICE HISTORY
Prior to Apr 2, '26 $3,700,000
Apr 2, '26 - Today $3,330,000


ADDITIONAL DETAILS
AIR Ductless, Electric, Multi Units
AIR CONDITIONING Yes
AREA Emmaus Boro (12307)
BASEMENT Yes
CONSTRUCTION Concrete, Other
HEAT Electric, Zoned
LOT 0.71 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 180.82 x 171.27
PARKING On Street, Private, Parking Lot
SEWER Public Sewer
STORIES 3
SUBDIVISION EMMAUS
TAXES 62704
UTILITIES Cable Available, Natural Gas Available, Sewer Available, Water Available, Electricity Available
VIEW Yes
VIEW DESCRIPTION City
WATER Public
ZONING R-HO with Age Qualified Community Overlay District. The AQCOD permits development of age-restricted
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 659 BROAD STREET
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Listing provided by SERHANT PENNSYLVANIA LLC

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