Multi-Level Restaurant Space
For Sale
Contact for pricing
4213 Ridge Ave, Philadelphia, PA 19129
Multi-level restaurant space in East Falls neighborhood for sale.
Property Size3,510 SF
Price / SF$242.17
Days on Market878
Property Features for 4213 Ridge Ave
General Information
Standard status
Active
Size
3,510 SF
Property subtype
Retail
Zoning
CMX2.5
Lease Type
NNN
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1939
Buildings
1
Stories
2
Listing Agency:
Sherman Properties
Listed By:
David Spoont · License #RM422056
Source:
Crexi
Added: May 30, 2024
Changed: Oct 2
Last Checked: Oct 23 at 5:04AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-level restaurant space is located in the East Falls neighborhood, at the corner of Ridge and Midvale. The building, formerly a restaurant, offers two floors of dining space, plus a full basement. The main floor features a large window that opens to provide an alfresco dining atmosphere, a large bar and seating area, a kitchen in the back, and two restrooms. The second floor includes a large picture window, an additional bar, an expansive seating area, two more restrooms, and a small office space in the rear. The property size is 3510 square feet.
Key Highlights
- Multi‑level restaurant space in the heart of East Falls.
- High‑visibility corner location** on Ridge and Midvale.
- Two floors of dining space with expansive seating areas.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,860
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,200
$1.0M
Cap Rate 7%
$726,571
$726.6K
Cap Rate 9%
$565,111
$565.1K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$73.7K $21.00/SF
− Vacancy
−$5.9K −$1.68/SF
EGI
$67.8K $19.32/SF
− OpEx
−$17.0K −$4.83/SF
NOI
$50.9K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,200
Cap Rate 7%
$726,571
Cap Rate 9%
$565,111
Alternative Uses
Best Use
Specialty Retail
$726.6K
$635.8K – $847.7K
NOI $50,860 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,898 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Sunoco
Shops & Services
23,998 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,537 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,905 visits/mo
0.1 miles
Truist
Shops & Services
1,423 visits/mo
0.3 miles
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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level restaurant space in East Falls neighborhood for sale.
Where is this conventional restaurant located?
The property is located at 4213 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Multi‑level restaurant space in the heart of East Falls.; High‑visibility corner location** on Ridge and Midvale.; Two floors of dining space with expansive seating areas.**
