Historic Mixed-Use Property For
For Sale
Contact for pricing
4200 Ridge Ave, Philadelphia, PA 19129
Unique mixed-use building in East Falls with versatile potential.
Property Size8,600 SF
Price / SF$197.56
Days on Market881
Property Features for 4200 Ridge Ave
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Mixed Use, Office, Retail
Zoning
CMX2.5
Lease Type
Net
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1900
Year Renovated
2003
Stories
3
Tenancy
Multi
Listing Agency:
Sherman Properties
Listed By:
David Spoont · License #RM422056
Source:
Crexi
Added: May 30, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:12PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$102,168
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,360
$2.0M
Cap Rate 7%
$1,459,543
$1.5M
Cap Rate 9%
$1,135,200
$1.1M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$185.8K $21.60/SF
− Vacancy
−$22.3K −$2.59/SF
EGI
$163.5K $19.01/SF
− OpEx
−$61.3K −$7.13/SF
NOI
$102.2K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,360
Cap Rate 7%
$1,459,543
Cap Rate 9%
$1,135,200
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 19129, PA
11,437
Population
6,228
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$77,225
Median Household Income
$58,576
Median Earnings
$1,471
Median Rent
$297,400
Median Home Value
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Frequently Asked Questions
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.
