22,718 SqFt
22,718 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,718 sqft
Price per Sqft $146
Subdivision Not In Development
MLS Listing ID 772499
HOA Y/N No
Year Built 1922
Annual Tax Amount $63,052
Lot Size 0.711 Acres
Acres 0.711
Lot Dimensions 181 x 171
Property Sub-Type Commercial
Property Description
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.
Location
State PA
County Lehigh
Area Emmaus
Direction I-78 Exit 55 to PA-29 S (Cedar Crest Blvd). Right on Chestnut St, left on Broad St. Property on right.
Interior
Interior Features Wired for Data
Heating Electric
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, On Street
Utilities Available Cable Available
Water Access Desc Public
Total Parking Spaces 31
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District East Penn
Others
Senior Community Yes
Tax ID 549444729138 1
Security Features Smoke Detector(s)
Special Listing Condition None
Nearby Locations
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