Press release
SERHANT. Pennsylvania Announces Listing of Fully Approved 28-Unit Multifamily Redevelopment in Emmaus Borough
659 Broad St - Front Photo
Offered at $3.7 million, the property represents a rare execution-stage redevelopment where zoning approvals have been secured and construction is already underway. The project benefits from approval under the Age Qualified Community Overlay District, eliminating entitlement risk and providing a defined path to completion and stabilization.
The adaptive reuse redevelopment consists of 28 residential units, including studio, one-bedroom, and two-bedroom configurations, designed to serve the growing demand for age-qualified housing in the Lehigh Valley region. The existing structure features elevator access and is undergoing interior conversion with infrastructure work and material procurement already in progress.
"Opportunities like this are exceptionally limited in borough settings where approvals for multifamily development are scarce," said Sam Del Rosario, Associate Broker at SERHANT. Pennsylvania. "With entitlements secured and construction underway, this offering presents a clear execution-based value opportunity for experienced multifamily investors and developers", Frank Lombardo stated.
Emmaus Borough continues to demonstrate strong housing demand driven by downsizing households and aging population trends. The project is positioned to meet this demand while offering investors a measurable yield-on-cost spread relative to stabilized multifamily assets in the regional market.
Investment Highlights
28 approved residential units (age-qualified 55+)
Adaptive reuse structure with elevator
Zoning approval secured under Age Qualified Community Overlay
Construction in progress
Offered at $3,700,000
Supply-constrained borough location in the Lehigh Valley
The property is being marketed by Frank Lombardo, Managing Director of Commercial, Sam Del Rosario, Associate Broker, and Kylie Miller, Managing Director of Commercial Sales and Leasing of SERHANT. Pennsylvania.
Offering memorandum and additional documentation are available to qualified buyers upon request.
Media Contact
Frank Lombardo
Managing Director, Commercial
SERHANT. Pennsylvania
Phone: (267) 718-2433
Email: francis@serhant.com
Sam Del Rosario
Associate Broker
SERHANT. Pennsylvania
Phone: (610) 762-6631
Email: samuel@serhant.com
Kylie Miller
Managing Director, Commercial Sales & Leasing
SERHANT. Pennsylvania
Phone: (215) 906-0799
Email: kyliem@serhant.com
SERHANT. Pennsylvania is a licensed real estate brokerage in the Commonwealth of Pennsylvania.
About SERHANT. Pennsylvania
SERHANT. Pennsylvania is part of the global SERHANT. real estate platform, known for its innovative marketing, media-driven approach, and extensive international reach. The firm provides residential, commercial, and development advisory services across Pennsylvania and beyond.
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