Mixed-Use Building with Tavern
For Sale
Contact for pricing
6080 Ridge Ave, Philadelphia, PA 19128
Ground-floor hospitality space is paired with one- and two-bedroom apartments across the upper levels.
Property Size3,766 SF
Price / SF$411.58
Days on Market1304
Property Features for 6080 Ridge Ave
General Information
Standard status
Active
Size
3,766 SF
Property subtype
RETAIL
Building Details
Buildings
1
Stories
3
Listing Agency:
MPN Realty, Inc.
(215) 413-4900
Listed By:
Steven Clofine
(267) 546-1755
Source:
Moodyscre
Added: Feb 8, 2023
Changed: Aug 29
Last Checked: Sep 4 at 5:57PM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property combines a fully fitted tavern and bar on the ground floor with residential space on the two floors above. The apartment mix includes one- and two-bedroom units, creating a combination of commercial and residential occupancy within the building.
The property encompasses 3,766 square feet at 6080 Ridge Ave in Philadelphia’s Roxborough neighborhood, near the Ridge Avenue and Conarroe Street intersection. The commercial area extends across 6076-80 Ridge Ave and may be configured for one tenant or divided between multiple occupants.
The property encompasses 3,766 square feet at 6080 Ridge Ave in Philadelphia’s Roxborough neighborhood, near the Ridge Avenue and Conarroe Street intersection. The commercial area extends across 6076-80 Ridge Ave and may be configured for one tenant or divided between multiple occupants.
Key Highlights
- Mixed‑use property totaling 3,766 square feet
- Fully fitted tavern and bar on the ground floor
- Upper two floors include one- and two‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,237
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,184,740
$1.2M
Cap Rate 7%
$846,243
$846.2K
Cap Rate 9%
$658,189
$658.2K
Market Conditions
NOI Build-Up for 3,766 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.3K $30.36/SF
− Vacancy
−$6.6K −$1.76/SF
EGI
$107.7K $28.60/SF
− OpEx
−$48.5K −$12.87/SF
NOI
$59.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,184,740
Cap Rate 7%
$846,243
Cap Rate 9%
$658,189
Alternative Uses
Best Use
Apartment 5plus
$846.2K
$740.5K – $987.3K
NOI $59,237 @ 7.0% cap · market cap 3.82%
Second Best
Specialty Retail
$779.6K
$682.1K – $909.5K
NOI $54,569 @ 7.0% cap · market cap 3.52%
Theoretical Best
Multifamily LT 5
$918.1K
$803.3K – $1.07M
NOI $64,266 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor hospitality space is paired with one- and two-bedroom apartments across the upper levels.
Where is this mixed-use property located?
The property is located at 6080 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Mixed‑use property totaling 3,766 square feet; Fully fitted tavern and bar on the ground floor; Upper two floors include one- and two‑bedroom apartments
