Retail Space on Ridge
For Sale
Contact for pricing
5235 RIDGE AVENUE, Philadelphia, PA 19128
The premises are available for immediate occupancy, with operating-hour and use restrictions that include a prohibition on event-space use.
Property Size1,400 SF
Price / SF$1.43
Days on Market9
Property Features for 5235 RIDGE AVENUE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Kershaw Real Estate
(215) 483-5717
Listed By:
Robert Enslin III · License #RS-192184-L
(267) 581-4266
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 12:02AM
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 Kershaw Real Estate
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Investment Insights
Based on property information with market context.
This 1,400-square-foot retail space at 5235 Ridge Avenue is available for immediate occupancy. The property was built in 1900 and is situated on the Roxborough–Manayunk border in Philadelphia.
Use is subject to owner restrictions: alcohol is not permitted, and businesses must close by 10:00 PM on weekdays and 11:00 PM on weekends. Event-space use is prohibited.
Use is subject to owner restrictions: alcohol is not permitted, and businesses must close by 10:00 PM on weekdays and 11:00 PM on weekends. Event-space use is prohibited.
Key Highlights
- 1,400 square feet of retail space
- Available for immediate occupancy
- Alcohol service is not permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,460
$316.5K
Cap Rate 7%
$226,043
$226.0K
Cap Rate 9%
$175,811
$175.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.6K −$1.85/SF
EGI
$22.6K $16.15/SF
− OpEx
−$6.8K −$4.84/SF
NOI
$15.8K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,460
Cap Rate 7%
$226,043
Cap Rate 9%
$175,811
Alternative Uses
Best Use
Retail
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap · market cap 791.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 1,194.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Leisure 27%
Dining 14%
Hotels & Casinos 14%
Regal UA Main Street
Leisure
20,583 visits/mo
0.4 miles
Residence Inn by Marriott Philadelphia Bala Cynwyd
Hotels & Casinos
10,196 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
9,969 visits/mo
0.3 miles
Sunoco
Shops & Services
9,712 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,536 visits/mo
0.5 miles
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The premises are available for immediate occupancy, with operating-hour and use restrictions that include a prohibition on event-space use.
Where is this retail space located?
The property is located at 5235 RIDGE AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 1,400 square feet of retail space; Available for immediate occupancy; Alcohol service is not permitted
