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Roxborough Investment Opportunity

6080 Ridge Ave Philadelphia, PA

6080 Ridge Ave, Philadelphia, PA, 00000
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For Sale
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Mixed-use building with bar/tavern and apartments in Philadelphia.

Property Size3,766 SF
Lot Size0.06 Acres
Price / SF$411.58
AddedFeb 8, 2023
Days on Market1253
Last RefreshMay 20 at 8:22 pm

Property Features for 6080 Ridge Ave

General Information

Standard status
Active
Size
3,766 SF
Lot size
0.06 Acres
Property subtype
RETAIL

Properties For Sale

at 6080 Ridge Ave Contact us

Listing office MPN Realty, Inc.

Listing date Feb 8, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of MPN Realty, Inc.


Investment Insights

Based on property information with market context.

Located in the Roxborough neighborhood of Philadelphia, 6076-80 Ridge Ave presents an investment opportunity. The building, situated at the intersection of Ridge Avenue and Conarroe Street, features a fully fitted-out tavern/bar on the ground floor, complemented by a mix of one- and two-bedroom apartments on the upper two floors. The commercial space, spanning both addresses, offers flexibility for a single tenant or division. The property has a size of 3,766 square feet. The commercial space is suitable for a restaurant owner/operator seeking an ideal location with an additional rental revenue stream.

Key Highlights

  • Iconic building in Roxborough at the intersection of Ridge Avenue and Conarroe Street.
  • Fully fitted out tavern/bar on the ground floor.
  • Mix of one- and two‑bedroom apartments on the upper two floors provides rental income.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $114.3k $30.36
− Vacancy −$6.6k −$1.76
EGI $107.7k $28.60
− OpEx −$48.5k −$12.87
NOI $59.2k $15.73
3,766 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$846.2K
$740.5K – $987.3K (±1% cap)
NOI $59,237 @ 7.0% cap · market cap 3.82%
Second Best
Specialty Retail
$779.6K
$682.1K – $909.5K (±1% cap)
NOI $54,569 @ 7.0% cap · market cap 3.52%
Theoretical Best
Multifamily LT 5
$918.1K
$803.3K – $1.07M (±1% cap)
NOI $64,266 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Law Firm Carpet & Flooring Store Electrical Service Accounting Firm Nursing Home Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • PHS Pop Up Garden at Manayunk — 106 Jamestown Ave., Philadelphia, PA 19127
  • Craft Manayunk — 4141 Main St, Philadelphia, PA 19127
  • Castle Roxx — 105 Shurs Ln, Philadelphia, PA 19127
  • Canalside Manayunk — 4164 Main St, Philadelphia, PA 19127
  • The Goat's Beard - Manayunk — 4201 Main St, Philadelphia, PA 19127

FAQs

What type of property is this?
Bar & Pub - Mixed-use building with bar/tavern and apartments in Philadelphia.
Where is this bar & pub located?
The property is located at 6080 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Iconic building in Roxborough at the intersection of Ridge Avenue and Conarroe Street.; **Fully fitted out tavern/bar on the ground floor.**; Mix of one- and two‑bedroom apartments on the upper two floors provides rental income.
Contact an agent
(215) 413-4900 Call to check price and availability
More about this property
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