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Informations principales sur l'investissement

  • Redevelopment opportunity in Emmaus with approvals in place for conversion to a 55+ age-restricted multifamily apartment building.
  • Approved for 28 residential units and 34 beds, including studio, one-, and two-bedroom layouts under borough overlay and conditional use provisions.
  • Existing systems include elevator, sprinkler, smoke control, and burglar alarm; major electrical components and new flooring for half the units.
  • Former assisted living facility on approximately 0.71 acres with a three-story structure originally built in 1922 and expanded in 2004.
  • Property is vacant and mid-construction with interior demolition, subfloor, framing, major plumbing, and electrical demo completed.
  • Located in a supply-constrained Lehigh Valley submarket with high barriers to entry, minutes from I-78, Route 29, and PA Turnpike (476).

Résumé analytique

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. This is a redevelopment opportunity with no in-place income. Financial projections and stabilized returns are available in the Offering Memorandum.

Informations sur l’immeuble

Prix 3 192 619 €
Prix par lot 114 022 €
Type de vente Investissement
Nb de lots 28
Type de bien Immeuble residentiel
Sous-type de bien Appartement
Style d’appartement De faible hauteur
Classe d’immeuble B
Surface du lot 0,29 ha
Statut de la construction En cours de rénovation
Surface de l’immeuble 1 968 m²
Occupation moyenne 0%
Nb d’étages 3
Année de construction/rénovation 1922/2026
Ratio de stationnement 0,13/1 000 m²
Zonage R-HO - This is a residential base zoning with an overlay district that allows for higher density and specialized housing uses, including age-restricted Units

Caractéristiques

Caractéristiques du lot

  • Climatisation
  • Chauffage
  • Réfrigérateur
  • Four
  • Cuisinière

Caractéristiques du site

  • Accès 24 h/24
  • Accès contrôlé
  • CVC contrôlé par l’occupant
  • Détecteur de fumée

Lot informations sur la combinaison

Description Nb de lots Moy. loyer/mois
1+1 28 - -
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Taxes foncières

Taxes foncières

Numéro de parcelle
549444729138-1
Évaluation du terrain
146 947 €
Évaluation des aménagements
1 353 239 €
Évaluation totale
1 500 186 €
  • ID de l’annonce: 39874708

  • Date de mise sur le marché: 23/03/2026

  • Dernière mise à jour:

  • Adresse: 659 Broad St, Emmaus, PA 18049

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