1604 Ridge Ave - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19130- Fairmount-Art Museum
$700,000 USD
610-331-7213
1604 Ridge Ave, Philadelphia, PA for Sale
$700,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | 10% Cap Rate

1604 Ridge Ave
Philadelphia, PA 19130
Fairmount-Art Museum


HIGHLIGHTS

  • Good foot traffic, excellent location to Broad Street, Temple University and Fairmount Avenue

OVERVIEW

**FRANCISVILLE COMMERCIAL BUILDING WITH 2 APARTMENTS IN GREAT CONDITION**The 1st Floor Commercial space has a remote security door and is complete with high ceilings, custom reception area, big open floor plan, modern kitchen, convenient restroom and a spacious bonus room for storage, office or whatever you envision. Basement access is interior via the first floor, includes Bilco doors from exterior and houses the mechanicals. There is a separate entrance for the residential units. Unit 2 is occupied paying $1,350 per month. Unit 3 is vacant. Both units feature engineered wood flooring, bedroom carpeting, modern kitchens, modern 3-piece bathrooms with sleek tile and vanities, ductless heating/cooling and convenient individual hallway laundry on each floor. This is a great location for the condition and price. The close proximity to Broad Street, Temple University, Center City and Fairmount Avenue can't be beat. Schedule your showing today or call for a private tour.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

10%

% LEASED

33%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1604 RIDGE AVENUE - COMMERCIAL/RESIDENTIAL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

CMX2.5

APN/PARCEL ID

871088150

ASK ABOUT THIS PROPERTY

Michael P. CohenMichael Cohen TeamMore Info
610-331-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael P. CohenMichael Cohen TeamMore Info
610-331-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.