Mixed-Use Income
2938 RIDGE PIKE Eagleville, PA 19403
2938 RIDGE PIKE, Eagleville, PA, 19403
$749,900
For Sale
$749,900
Two-building mixed-use property with six total income units, including one street-facing commercial space and five residential apartments.
Property Size5,276 SF
Price / SF$142.13
Days on Market11
Property Features for 2938 RIDGE PIKE
General Information
- Standard status
- Active
- Size
- 5,276 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing agency
Springer Realty Group
(267) 249-9000
Listed by
Kelly L Stipa · License #1973046
(267) 249-9000
Source
Cummingsrealtors
Added: Jul 11 Updated: Jul 21 at 8:31AM Checked: Jul 21 at 8:31AM
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 Springer Realty Group
Investment Insights
Based on property information with market context.
This mixed-use, two-building property includes six income-producing units across two separate tax parcels: one commercial space and five residential apartments. The residential unit mix consists of one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments.
The commercial space is currently vacant and has visibility along Ridge Pike. Several tenants have occupied the property for many years, and the roof is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat; the owner pays water, sewer, trash, and real estate taxes.
The property is being sold in as-is condition. Current monthly rental income totals $7,100, and the owner reports the commercial space normally rents for $1,500 monthly.
The commercial space is currently vacant and has visibility along Ridge Pike. Several tenants have occupied the property for many years, and the roof is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat; the owner pays water, sewer, trash, and real estate taxes.
The property is being sold in as-is condition. Current monthly rental income totals $7,100, and the owner reports the commercial space normally rents for $1,500 monthly.
Key Highlights
- Mixed‑use, two‑building property with 6 total income units: 1 commercial space and 5 residential apartments.
- Residential unit mix: one 3‑bedroom, one 1‑bedroom, two 2‑bedroom, and two efficiency/studio apartments.
- Current monthly rental income is $7,100 ($85,200 annually).
Local Financial Insights For Retail
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 | $95.0k | $18.00 |
| − Vacancy | −$4.0k | −$0.76 |
| EGI | $91.0k | $17.24 |
| − OpEx | −$27.3k | −$5.17 |
| NOI | $63.7k | $12.07 |
5,276 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$891.0K – $1.19M
NOI $71,281 @ 7.0% cap · market cap 9.51%
Second Best
Retail
$909.8K
$796.1K – $1.06M
NOI $63,686 @ 7.0% cap · market cap 8.49%
Theoretical Best
Specialty Retail
$3.03M
$2.66M – $3.54M
NOI $212,437 @ 7.0% cap · market cap 28.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mr Fixer
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-building mixed-use property with six total income units, including one street-facing commercial space and five residential apartments.
Where is this apartment building located?
The property is located at 2938 RIDGE PIKE Eagleville, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use, two‑building property with 6 total income units: 1 commercial space and 5 residential apartments.; Residential unit mix: one 3‑bedroom, one 1‑bedroom, two 2‑bedroom, and two efficiency/studio apartments.; Current monthly rental income is $7,100 ($85,200 annually).
