Convenience Store and Food
For Sale
Contact for pricing
2908 RIDGE AVENUE #1, Philadelphia, PA 19121
Food, beverage, and grocery zoning supports a focused market-oriented retail operation.
Property Size900 SF
Price / SF$1.78
Days on Market77
Property Features for 2908 RIDGE AVENUE #1
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Zoning
F00D, Beverages and Groceries
Site & Location
Neighborhood
North Philadelphia
Road Access
Yes
Building Details
Year Built
1915
Listing Agency:
Fred R Levine Real Estate
Listed By:
Fred R Levine · License #RB043558A
(215) 465-3733
Source:
Cummingsrealtors
Added: Aug 10
Changed: Oct 23
Last Checked: Oct 24 at 6:22PM
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 Fred R Levine Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This convenience store and food market is located at 2908 Ridge Avenue #1 in Philadelphia. The property was built in 1915 and is identified for food, beverage, and grocery-related zoning. Smoking and tobacco products are not permitted at the premises.
Key Highlights
- Food, beverage, and grocery zoning
- Built in 1915
- Located at 2908 Ridge Avenue #1, Philadelphia, PA 19121
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,172
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,440
$203.4K
Cap Rate 7%
$145,314
$145.3K
Cap Rate 9%
$113,022
$113.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$16.2K $18.00/SF
− Vacancy
−$1.7K −$1.85/SF
EGI
$14.5K $16.15/SF
− OpEx
−$4.4K −$4.84/SF
NOI
$10.2K $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%
$203,440
Cap Rate 7%
$145,314
Cap Rate 9%
$113,022
Alternative Uses
Best Use
Specialty Retail
$186.3K
$163.0K – $217.4K
NOI $13,041 @ 7.0% cap · market cap 815.06%
Second Best
Retail
$145.3K
$127.2K – $169.5K
NOI $10,172 @ 7.0% cap · market cap 635.75%
Theoretical Best
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,358 @ 7.0% cap · market cap 959.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 26%
Dining 20%
Apparel 4%
Sunoco
Shops & Services
13,676 visits/mo
0.4 miles
Save-A-Lot
Groceries
10,220 visits/mo
0.4 miles
KFC
Dining
7,611 visits/mo
0.4 miles
U-Haul Moving & Storage of Strawberry Mansion
Shops & Services
2,225 visits/mo
0.1 miles
Dollar General
Shops & Services
2,210 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Grocery Outlet — 2077 Ridge Ave, Philadelphia, PA 19121
- Jefferson Food Market — 1501 N 29th St, Philadelphia, PA 19121
- The Original 28th st Supermarket — 1700 N 28th St, Philadelphia, PA 19121
- Ridge Food Market — 2632 Ridge Ave, Philadelphia, PA 19121
- Bravo Super Market — 2440 W Norris St, Philadelphia, PA 19121
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Food, beverage, and grocery zoning supports a focused market-oriented retail operation.
Where is this grocery and convenience store located?
The property is located at 2908 RIDGE AVENUE #1 Philadelphia, PA.
What are key features of this property?
This property features: Food, beverage, and grocery zoning; Built in 1915; Located at 2908 Ridge Avenue #1, Philadelphia, PA 19121
