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Historic Mixed-Use Property For Sale

4200 Ridge Ave, Philadelphia, PA 19129

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For Sale

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Unique mixed-use building in East Falls with versatile potential.

Type:Mixed Use, Office, Retail

Property size:

8,600 SF

Price / SF:

$197/SF

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.
Second floor features a large gymnasium with a stage and balcony.
Third floor offices with river views.
Includes 6 parking spaces.

We can help!

Listing Contact

David Spoont

For Sale

Contact for pricing

Unique mixed-use building in East Falls with versatile potential.

Type:Mixed Use, Office, Retail

Property size:

8,600 SF

Price / SF:

$197/SF

Added:: May 30, 2024
Days on Market:: 744
Last Refresh:: May 12 at 8:44 pm

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

We can help!

Listing Contact

David Spoont

Listing agent David Spoont License #RM422056

Listing office Sherman Properties

Listing date May 30, 2024

Source Crexi

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

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.
Second floor features a large gymnasium with a stage and balcony.
Third floor offices with river views.
Includes 6 parking spaces.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $113,172 @ 7.0% cap · market cap 6.66%

Second Best

Mixed Use

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,168 @ 7.0% cap · market cap 6.01%

Theoretical Best

Multifamily LT 5

$2.10M

$1.83M – $2.45M (±1% cap)

NOI $146,758 @ 7.0% cap · market cap 8.64%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Metro Church in Philadelphia Church Rhd United Peers Charitable Organization

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.195496
Latitude: 40.009445

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For sale
Mixed-use properties
PA
Philadelphia
19129
4200 Ridge Ave

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.