Ground-Floor Commercial Space with
For Sale
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2405 RIDGE AVENUE #1, Philadelphia, PA 19121
Brand-new ground-floor space with large front-facing windows, high ceilings, open layout, plus rear yard access and a finished basement.
Property Size1,990 SF
Price / SF$1.26
Days on Market115
Property Features for 2405 RIDGE AVENUE #1
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
2025
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Source:
Cummingsrealtors
Added: Jul 1
Changed: Oct 21
Last Checked: Oct 23 at 10:26AM
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 Keller Williams Real Estate-Blue Bell
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Investment Insights
Based on property information with market context.
A brand-new ground-floor commercial space offering large front-facing windows, high ceilings, and an open layout designed to support a flexible tenant build-out. The interior features clean, modern finishes and a flexible floor plan that can be tailored to different business needs. The space also includes access to a rear yard and an additional finished basement.
Located at 2405 Ridge Avenue #1 in Philadelphia, the suite sits along a Brewerytown corridor described as rapidly developing, with street-facing visibility provided by the front windows.
The combination of an open main level, high ceilings, and both rear-yard and finished basement access provides practical configuration for a variety of retail, office, or studio-style uses.
Located at 2405 Ridge Avenue #1 in Philadelphia, the suite sits along a Brewerytown corridor described as rapidly developing, with street-facing visibility provided by the front windows.
The combination of an open main level, high ceilings, and both rear-yard and finished basement access provides practical configuration for a variety of retail, office, or studio-style uses.
Key Highlights
- Brand‑new ground‑floor commercial space built in 2025
- Large front‑facing windows for prominent street‑facing exposure
- High ceilings with an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,491
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,820
$449.8K
Cap Rate 7%
$321,300
$321.3K
Cap Rate 9%
$249,900
$249.9K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$35.8K $18.00/SF
− Vacancy
−$3.7K −$1.85/SF
EGI
$32.1K $16.15/SF
− OpEx
−$9.6K −$4.84/SF
NOI
$22.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,820
Cap Rate 7%
$321,300
Cap Rate 9%
$249,900
Alternative Uses
Best Use
Office B
$374.1K
$327.3K – $436.5K
NOI $26,187 @ 7.0% cap · market cap 1,047.48%
Second Best
Retail
$321.3K
$281.1K – $374.9K
NOI $22,491 @ 7.0% cap · market cap 899.64%
Theoretical Best
Multifamily LT 5
$485.1K
$424.5K – $566.0K
NOI $33,959 @ 7.0% cap · market cap 1,358.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Creative space - Brand-new ground-floor space with large front-facing windows, high ceilings, open layout, plus rear yard access and a finished basement.
Where is this creative space located?
The property is located at 2405 RIDGE AVENUE #1 Philadelphia, PA.
What are key features of this property?
This property features: Brand‑new ground‑floor commercial space built in 2025; Large front‑facing windows for prominent street‑facing exposure; High ceilings with an open layout
