Historic Mixed-Use Property For
4200 Ridge Ave Philadelphia, PA 19129
For Sale
Contact for pricing
Unique mixed-use building in East Falls with versatile potential.
Property Size8,600 SF
Price / SF$197.56
Days on Market789
Property Features for 4200 Ridge Ave
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1900
Listing Agency:
Sherman Properties
Listed By:
David Spoont · License #RM422056
Source:
Crexi
Added: May 30, 2024
Changed: Jul 10
Last Checked: Jul 26 at 4:01PM
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 Sherman Properties
Investment Insights
Based on property information with market context.
This historic mixed-use property, constructed in 1900, is located off Kelly Drive and the Schuylkill River in East Falls. The property has a total size of 8,600 square feet. The first floor suite, approximately 3,000 square feet, features two street-accessible entrances, three separate office spaces, and private restrooms. The suite is lined with windows providing natural light. Potential uses for the first floor include a cafe, delicatessen, fitness facility, or event space. The second floor contains a large gymnasium with a stage and balcony seating. The second and third floors are each approximately 2,800 square feet. The third floor includes two restrooms, several built-out offices, and river views. The property is being sold in as-is condition and includes 6 parking spaces.
Key Highlights
- Prime location directly off Kelly Drive and the Schuylkill River.
- Versatile first‑floor suite (3,000 SF) suitable for various businesses with two street‑accessible entrances.
- Unique historic property built in 1900.
Financial Insights For Office B
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 | $188.9k | $21.96 |
| − Vacancy | −$38.0k | −$4.41 |
| EGI | $150.9k | $17.55 |
| − OpEx | −$37.7k | −$4.39 |
| NOI | $113.2k | $13.16 |
8,600 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,172 @ 7.0% cap · market cap 6.66%
Second Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 6.01%
Theoretical Best
Multifamily LT 5
$2.10M
$1.83M – $2.45M
NOI $146,758 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Metro Church in Philadelphia
Church
Rhd United Peers
Charitable Organization
FAQs
What type of property is this?
Mixed-use property - Unique mixed-use building in East Falls with versatile potential.
Where is this mixed-use property located?
The property is located at 4200 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Prime location directly off Kelly Drive and the Schuylkill River.; Versatile first‑floor suite (3,000 SF) suitable for various businesses with two street‑accessible entrances.; Unique historic property built in 1900.
