Two-Level Office
New
For Sale
Contact for pricing
1311 RIDGE AVENUE, Philadelphia, PA 19123
CMX-3-zoned workspace combines client meeting areas with private offices and employee amenities.
Property Size2,000 SF
Price / SF$1.50
Days on Market5
Property Features for 1311 RIDGE AVENUE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
CMX-3
Additional Details
Floor
First Floor, Basement
Public Transit
Yes
Building Details
Year Built
2024
Listing Agency:
First Choice Real Estate Group
(267) 639-2822
Listed By:
Anny Ding · License #RM425786
(267) 231-1352
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:35AM
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 First Choice Real Estate Group
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Investment Insights
Based on property information with market context.
This 2,000-square-foot office suite spans the first floor and basement of a building constructed in 2024. The upper level includes a conference room with presentation equipment, a reception lobby, and a half bathroom. Below, three private offices are complemented by a full bathroom and a kitchen with a stove and refrigerator.
The property is on Ridge Avenue in Philadelphia’s Spring Garden/North Broad area, with public transportation, restaurants, neighborhood retail, and Center City cited among nearby conveniences. CMX-3 zoning is noted, with potential uses subject to applicable zoning, licensing, and occupancy approvals.
The property is on Ridge Avenue in Philadelphia’s Spring Garden/North Broad area, with public transportation, restaurants, neighborhood retail, and Center City cited among nearby conveniences. CMX-3 zoning is noted, with potential uses subject to applicable zoning, licensing, and occupancy approvals.
Key Highlights
- 2,000‑square‑foot office suite across the first floor and basement
- Built in 2024; zoned CMX‑3
- Conference room includes presentation equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,319
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,380
$526.4K
Cap Rate 7%
$375,986
$376.0K
Cap Rate 9%
$292,433
$292.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.9K $21.96/SF
− Vacancy
−$8.8K −$4.41/SF
EGI
$35.1K $17.55/SF
− OpEx
−$8.8K −$4.39/SF
NOI
$26.3K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,380
Cap Rate 7%
$375,986
Cap Rate 9%
$292,433
Alternative Uses
Best Use
Office B
$376.0K
$329.0K – $438.7K
NOI $26,319 @ 7.0% cap · market cap 877.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 1,137.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,284
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - CMX-3-zoned workspace combines client meeting areas with private offices and employee amenities.
Where is this office unit located?
The property is located at 1311 RIDGE AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 2,000‑square‑foot office suite across the first floor and basement; Built in 2024; zoned CMX‑3; Conference room includes presentation equipment
