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    FOR SALE
    Investment properties

    4200 Ridge Ave, Philadelphia, PA 19129

    9,936 SF 0.14 ac lot Built 1900
    Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US73-2805495
    Property summary
    AI-generated overview

    This exceptional three-story commercial building, situated on a 6,262 sq ft lot at 4200-4206 Ridge Ave in Philadelphia, PA 19129, presents a unique investment opportunity. Built in 1900 and renovated in 2003, this 8,600 sq ft traditional office space boasts 100% occupancy under a net lease arrangement with multiple tenants. The property features approximately six parking spaces and benefits from a prominent 60-foot frontage. Its prime location directly off Kelly Drive and the Schuylkill River offers unparalleled visibility and access. The building is listed on the Historic Register and zoned CMX-2.5, providing flexibility for various uses. The asking price is $1,499,000, translating to $174.30 per square foot. With a total improvement area of 9,936 sq ft, this property offers substantial potential for future growth and return on investment. The OPA Account Number is 882250585. This is a rare chance to acquire a piece of Philadelphia's rich history and a thriving commercial asset.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 9,936 SF
    Lot 0.14 ac (6,262 SF)
    Zoning code CMX2.5
    APN 88-2-2505-85
    UPID US73-2805495
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Metro Church in Philadelphia Church
    • Rhd United Peers Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $865k
    Blend (final) Blend
    $935k
    Owner & transaction history
    Mark E Sherman · 2 yrs held
    Mark E Sherman
    since 2024
    3 recorded transactions
    2024
    2016
    2004
    Zoning & alternative use
    CMX2.5 · Philadelphia, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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