Corner Retail
6011 RIDGE AVENUE #C1, Philadelphia, PA 19128
For Sale
New
Contact for pricing
Display windows and basement storage complement an existing retail fit-out.
Property Size5,217 SF
Price / SF$0.36
Days on Market4
Property Features for 6011 RIDGE AVENUE #C1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Additional Details
Tenant in Place
Amenities
prominent display windows
existing retail fit-out
basement storage
ground-level street access
Building Details
Year Built
Listing Agency:
MGMT Residential
(215) 821-7487
Listed By:
Mary Frances Lyn Wexler · License #RS344831
(215) 326-9311
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:34PM
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 MGMT Residential
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot corner suite has an existing retail buildout, display windows, and basement storage. The basement can be reached from street level, adding a separate storage area to the commercial space.
The property is on Ridge Avenue in Philadelphia, with SEPTA bus service on Routes 9, 32, 439, 441, 445, and 446 nearby. The space is identified for retail or office use and is available February 1st.
The property is on Ridge Avenue in Philadelphia, with SEPTA bus service on Routes 9, 32, 439, 441, 445, and 446 nearby. The space is identified for retail or office use and is available February 1st.
Key Highlights
- 1,750 SF corner commercial suite
- Existing retail fit‑out with display windows
- Basement storage with ground‑level street access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,964
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,280
$1.2M
Cap Rate 7%
$842,343
$842.3K
Cap Rate 9%
$655,156
$655.2K
Market Conditions
NOI Build-Up for 5,217 SF
Gross rent
$93.9K $18.00/SF
− Vacancy
−$9.7K −$1.85/SF
EGI
$84.2K $16.15/SF
− OpEx
−$25.3K −$4.84/SF
NOI
$59.0K $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%
$1,179,280
Cap Rate 7%
$842,343
Cap Rate 9%
$655,156
Alternative Uses
Best Use
Retail
$842.3K
$737.1K – $982.7K
NOI $58,964 @ 7.0% cap · market cap 3,111.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,028 @ 7.0% cap · market cap 4,698.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 34%
Groceries 21%
Home Improvements & Furnishings 3%
ACME Markets
Groceries
31,647 visits/mo
0.1 miles
Wendy's
Dining
18,558 visits/mo
0.2 miles
Sunoco
Shops & Services
13,090 visits/mo
0.4 miles
Sunoco
Shops & Services
9,712 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,536 visits/mo
0.4 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
$330,800
Median Home Value
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Display windows and basement storage complement an existing retail fit-out.
Where is this retail space located?
The property is located at 6011 RIDGE AVENUE #C1 Philadelphia, PA.
What are key features of this property?
This property features: 1,750 SF corner commercial suite; Existing retail fit‑out with display windows; Basement storage with ground‑level street access
