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    4213 Ridge Ave Philadelphia, PA 19129

    Sponsored
    For Sale
    $780,000

    Prime East Falls eatery, 3510 sq ft.

    Property size:
    3,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vacant, two-story restaurant building at 4213 Ridge Ave, Philadelphia, PA 19129, is available for $780,000. The 3,510 square foot space, situated on a 1,800 square foot lot, boasts a prime location in the heart of East Falls, at the corner of Ridge and Midvale Avenues. Built in 1939, the property features a CMX-2.5 zoning designation. The building offers two floors of dining space, each with a large bar, ample seating, and two restrooms. The main floor includes a large window creating an alfresco dining feel, a full kitchen, and a walk-in refrigerator. The second floor also features a large picture window, an additional bar, and a small office. A full basement is also included. Recent improvements include a brand new HVAC system, a new EPDM roofing system with a 40-year manufacturer warranty, and a new compressor. Fixtures, furniture, and equipment (FF&E) are available. This turnkey opportunity is perfect for an established restaurant or a new venture seeking a vibrant location. The property's history includes operation as the Foghorn & Fletcher restaurant.

    Property Features for 4213 Ridge Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,510 SF

    Building Details

    Year Built
    1939
    Buildings
    1
    Stories
    2

    HighLights

    • Two‑story building with basement, approximately 3,510 square feet.
    • Brand new HVAC system installed.
    • New EPDM roof with a 40‑year manufacturer's warranty.
    • CMX‑2.5 zoning.
    • Walk‑in refrigerator included.
    • New compressor installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.19423587707
    Latitude
    40.008999052826

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    FAQs

    What type of property is this?
    Restaurant - Prime East Falls eatery, 3510 sq ft.
    Where is this restaurant located?
    The property is located at 4213 Ridge Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: Two-story building with basement, approximately 3,510 square feet.; Brand new HVAC system installed.; New EPDM roof with a 40-year manufacturer's warranty.
    Request Owner's contact information
    4213 Ridge Ave 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
    4213 Ridge Ave Philadelphia, PA 19129
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