4200 Ridge Ave, Philadelphia, PA 19129
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX2.5 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.