UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,718 sqft
Price per Sqft $146
MLS Listing ID 772210
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
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
Heating Ductless
Cooling Ductless, Wall Unit(s), Zoned
Inclusions Real Estate Only
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, On Street
Water Access Desc Public
Roof Type Flat,Other
Street Surface Asphalt
Road Frontage Town Road
Total Parking Spaces 31
Building
Sewer Public Sewer
Water Public
Schools
School District East Penn
Others
Tax ID 549444729138 1
Special Listing Condition None