Mixed-Use Retail and Apartment
For Sale
$495,000
6613 Ridge Ave, Philadelphia, PA 19128
Storefront with a 2-story apartment building available for sale or NNN lease in Roxborough.
Property Size2,839 SF
Price / SF$174.36
Days on Market99
Property Features for 6613 Ridge Ave
General Information
Standard status
Active
Size
2,839 SF
Lease Type
NNN
Site & Location
Neighborhood
Wissahickon Hills
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Mark Burkert · License #RS329356
(215) 280-3903
Source:
Kandorre
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 12:55PM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
This mixed-use property includes storefront space along with a 2-story apartment component, available for sale or NNN lease. The building is offered as-is with existing equipment included, and listing photos are from a previous listing.
The property is positioned in the heart of Roxborough, with high reported traffic counts for both driving and walking. Prospective buyers and tenants should confirm permitted uses with the City of Philadelphia zoning department prior to occupancy.
The property is positioned in the heart of Roxborough, with high reported traffic counts for both driving and walking. Prospective buyers and tenants should confirm permitted uses with the City of Philadelphia zoning department prior to occupancy.
Key Highlights
- Mixed‑use storefront with a 2‑story apartment building available for sale or NNN lease in Roxborough.
- High traffic counts for both driving and walking.
- Restaurant businesses have operated at the property for decades.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,656
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,120
$893.1K
Cap Rate 7%
$637,943
$637.9K
Cap Rate 9%
$496,178
$496.2K
Market Conditions
NOI Build-Up for 2,839 SF
Gross rent
$86.2K $30.36/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$81.2K $28.60/SF
− OpEx
−$36.5K −$12.87/SF
NOI
$44.7K $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 Rate 5%
$893,120
Cap Rate 7%
$637,943
Cap Rate 9%
$496,178
Alternative Uses
Best Use
Apartment 5plus
$637.9K
$558.2K – $744.3K
NOI $44,656 @ 7.0% cap · market cap 9.02%
Second Best
Specialty Retail
$587.7K
$514.2K – $685.6K
NOI $41,137 @ 7.0% cap · market cap 8.31%
Theoretical Best
Multifamily LT 5
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 27%
Dining 21%
Electronics 3%
Wawa
Shops & Services
40,816 visits/mo
0.1 miles
ShopRite
Groceries
40,435 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,538 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,395 visits/mo
0.5 miles
Sunoco
Shops & Services
8,461 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Storefront with a 2-story apartment building available for sale or NNN lease in Roxborough.
Where is this mixed-use property located?
The property is located at 6613 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Mixed‑use storefront with a 2‑story apartment building available for sale or NNN lease in Roxborough.; High traffic counts for both driving and walking.; Restaurant businesses have operated at the property for decades.
