Historic Medical Office
For Sale
Contact for pricing
5912 RIDGE AVENUE, Philadelphia, PA 19128
Ground-floor layout includes private offices, reception, kitchenette, bathroom, and basement storage.
Property Size3,320 SF
Price / SF$1.82
Days on Market82
Property Features for 5912 RIDGE AVENUE
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Commercial
Site & Location
Neighborhood
Northwest Philadelphia
Additional Details
Floor
Ground Floor
Office Units
1
Amenities
Kitchenette
Reception Area
Large basement storage area
Building Details
Year Built
1901
Tenancy
Single
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Dennis J Carlisle · License #RS330429
(215) 805-8620
Source:
Cummingsrealtors
Added: Aug 4
Changed: Oct 23
Last Checked: Oct 23 at 8:26AM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
This 2,900 SF ground-floor medical office occupies a historic property built in 1901. The layout includes several private offices, a reception area, kitchenette, one bathroom, and a large basement storage area. The space has operated as a sole practitioner medical office since 1940 and is available November 2026.
The property is designated on the Philadelphia Register of Historic Places and carries residential zoning. Grandfathered permitting supports continued sole practitioner medical office use, while the historic designation may allow uses permitted under CMX-3 zoning provisions, subject to confirmation with a zoning attorney. Located at 5912 Ridge Avenue in Philadelphia, Pennsylvania.
The property is designated on the Philadelphia Register of Historic Places and carries residential zoning. Grandfathered permitting supports continued sole practitioner medical office use, while the historic designation may allow uses permitted under CMX-3 zoning provisions, subject to confirmation with a zoning attorney. Located at 5912 Ridge Avenue in Philadelphia, Pennsylvania.
Key Highlights
- 2,900 SF ground‑floor medical office space
- Several private offices with reception area and kitchenette
- One bathroom plus large basement storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,027
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,540
$860.5K
Cap Rate 7%
$614,671
$614.7K
Cap Rate 9%
$478,078
$478.1K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$79.7K $24.00/SF
− Vacancy
−$8.0K −$2.40/SF
EGI
$71.7K $21.60/SF
− OpEx
−$28.7K −$8.64/SF
NOI
$43.0K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,540
Cap Rate 7%
$614,671
Cap Rate 9%
$478,078
Alternative Uses
Best Use
Office B
$624.1K
$546.1K – $728.2K
NOI $43,690 @ 7.0% cap · market cap 723.10%
Second Best
Healthcare Medical
$614.7K
$537.8K – $717.1K
NOI $43,027 @ 7.0% cap · market cap 712.13%
Theoretical Best
Multifamily LT 5
$809.4K
$708.2K – $944.3K
NOI $56,655 @ 7.0% cap · market cap 937.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- The Animedic Veterinary Hospital — 102 Jamestown Ave., Philadelphia, PA 19127
- Rox Falls Vet — 5708 Ridge Ave Unit B, Philadelphia, PA 19128
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor layout includes private offices, reception, kitchenette, bathroom, and basement storage.
Where is this medical office space located?
The property is located at 5912 RIDGE AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 2,900 SF ground‑floor medical office space; Several private offices with reception area and kitchenette; One bathroom plus large basement storage area
