Renovated Retail Suite with
For Sale
Contact for pricing
5460 RIDGE AVENUE, Philadelphia, PA 19128
Renovated storefront with a clean, open layout and expansive street-facing windows, plus off-street parking.
Property Size1,700 SF
Price / SF$2.06
Days on Market97
Property Features for 5460 RIDGE AVENUE
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Zoning
CMX
Additional Details
Flexible Term
Yes
Building Details
Year Built
1920
Listing Agency:
Philadelphia Homes
Listed By:
Raymond V. Tran · License #RM423944
(215) 948-2810
Source:
Cummingsrealtors
Added: Jul 17
Changed: Oct 19
Last Checked: Oct 19 at 11:21AM
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 Philadelphia Homes
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Investment Insights
Based on property information with market context.
Available for sale, this beautifully renovated commercial storefront offers a sleek, modern interior with a clean, open layout. The space features updated systems and expansive street-facing windows designed for strong natural light and visibility. Previously used as a retail store, the configuration lends itself to multiple business uses, including professional office, creative studio, wellness center, or event space.
Located on high-traffic Ridge Avenue in the Roxborough area of Philadelphia, the property provides convenient access to public transportation and nearby dining and neighborhood amenities. Off-street parking is available, a notable convenience for this location.
The property is described as zoned CMX, which permits future expansion, including potential to build 2–4 residential units above. Interested parties are encouraged to inquire about flexible lease terms or potential rent-to-own options, and to schedule a private tour.
Located on high-traffic Ridge Avenue in the Roxborough area of Philadelphia, the property provides convenient access to public transportation and nearby dining and neighborhood amenities. Off-street parking is available, a notable convenience for this location.
The property is described as zoned CMX, which permits future expansion, including potential to build 2–4 residential units above. Interested parties are encouraged to inquire about flexible lease terms or potential rent-to-own options, and to schedule a private tour.
Key Highlights
- 1920‑built commercial space with modern renovation and an updated, clean open layout
- Expansive street‑facing windows provide natural light and street presence
- Versatile CMX zoning supports retail, professional office, creative studio, wellness center, or event space uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,214
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,280
$384.3K
Cap Rate 7%
$274,486
$274.5K
Cap Rate 9%
$213,489
$213.5K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$30.6K $18.00/SF
− Vacancy
−$3.2K −$1.85/SF
EGI
$27.4K $16.15/SF
− OpEx
−$8.2K −$4.84/SF
NOI
$19.2K $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%
$384,280
Cap Rate 7%
$274,486
Cap Rate 9%
$213,489
Alternative Uses
Best Use
Office B
$319.6K
$279.6K – $372.9K
NOI $22,371 @ 7.0% cap · market cap 639.17%
Second Best
Retail
$274.5K
$240.2K – $320.2K
NOI $19,214 @ 7.0% cap · market cap 548.97%
Theoretical Best
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 828.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- Sunrise in Tibet — 4253 Main St, Philadelphia, PA 19127
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated storefront with a clean, open layout and expansive street-facing windows, plus off-street parking.
Where is this storefront property located?
The property is located at 5460 RIDGE AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 1920‑built commercial space with modern renovation and an updated, clean open layout; Expansive street‑facing windows provide natural light and street presence; Versatile CMX zoning supports retail, professional office, creative studio, wellness center, or event space uses
