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    4068 Ridge Ave Philadelphia, PA 19129

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    For Sale
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    3,900 SF Multifamily Investment Opportunity

    Property size:
    3,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,900 square foot multifamily apartment building is located at 4068 Ridge Avenue in Philadelphia, Pennsylvania, 19129. The property sits on a highly visible site along Kelly Drive and Ridge Avenue, boasting excellent visibility and accessibility. Zoned ICMX (Industrial Commercial Mixed Use), this versatile property presents a unique development opportunity. Previously used as a daycare center, the building offers on-site parking, supplemented by a nearby public parking lot. Its prime location places it adjacent to popular restaurants, In Riva and Le Bus, enhancing its appeal and potential for increased foot traffic. The building's size and zoning flexibility make it suitable for a variety of uses, presenting a compelling investment opportunity in the thriving East Falls neighborhood. The property's location in Philadelphia County offers access to a robust infrastructure and a diverse population. This is a rare chance to acquire a well-situated property with significant upside potential in a desirable area. The building's history as a daycare center provides a solid foundation for future development or repurposing. The combination of its location, zoning, and existing infrastructure makes this a truly exceptional investment prospect.

    Property Features for 4068 Ridge Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,900 SF

    HighLights

    • 3,900 SF building.
    • ICMX (Industrial Commercial Mixed Use) zoning.
    • Prime East Falls development site.
    • Former daycare building.
    • On‑site parking plus nearby public lot.
    • Adjacent to In Riva and Le Bus restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1913205
    Latitude
    40.0077515

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    FAQs

    What type of property is this?
    Multifamily property - 3,900 SF Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 4068 Ridge Ave Philadelphia, PA.
    What are key features of this property?
    This property features: 3,900 SF building.; ICMX (Industrial Commercial Mixed Use) zoning.; Prime East Falls development site.
    Request Owner's contact information
    4068 Ridge Ave Philadelphia, PA 19129
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    Philadelphia, PA 19129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4068 Ridge Ave Philadelphia, PA 19129
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