Multi-Level Restaurant Space
4213 Ridge Ave Philadelphia, PA 19129
4213 Ridge Ave, Philadelphia, PA, 19129
Contact for pricing
For Sale
Contact for pricing
Multi-level restaurant space in East Falls neighborhood for sale.
Property Size3,510 SF
Price / SF$242.17
Days on Market785
Property Features for 4213 Ridge Ave
General Information
- Standard status
- Active
- Size
- 3,510 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1939
Listing agency
Sherman Properties
Listed by
David Spoont · License #RM422056
Source
Crexi
Added: May 30, 2024 Updated: Jul 6 at 8:16AM Checked: Jul 22 at 1:51PM
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 Sherman Properties
Investment Insights
Based on property information with market context.
This multi-level restaurant space is located in the East Falls neighborhood, at the corner of Ridge and Midvale. The building, formerly a restaurant, offers two floors of dining space, plus a full basement. The main floor features a large window that opens to provide an alfresco dining atmosphere, a large bar and seating area, a kitchen in the back, and two restrooms. The second floor includes a large picture window, an additional bar, an expansive seating area, two more restrooms, and a small office space in the rear. The property size is 3510 square feet.
Key Highlights
- Multi‑level restaurant space in the heart of East Falls.
- High‑visibility corner location on Ridge and Midvale.
- Two floors of dining space with expansive seating areas.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $21.00 |
| − Vacancy | −$5.9k | −$1.68 |
| EGI | $67.8k | $19.32 |
| − OpEx | −$17.0k | −$4.83 |
| NOI | $50.9k | $14.49 |
3,510 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$726.6K
$635.8K – $847.7K
NOI $50,860 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,898 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Multi-level restaurant space in East Falls neighborhood for sale.
Where is this conventional restaurant located?
The property is located at 4213 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Multi‑level restaurant space in the heart of East Falls.; **High‑visibility corner location** on Ridge and Midvale.; **Two floors of dining space with expansive seating areas.**
