1625 Ridge AvePhiladelphia, PA 19130

Property Details for 1625 Ridge Ave

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,223 SF

Zone code

CMX2.5

Property type

Office properties

APN

88-8-1545-38

APU

888154538

Description

This exceptional 1,223-square-foot commercial condo, located at 1625 Ridge Avenue in Philadelphia, Pennsylvania (zip code 19130), presents a unique opportunity for a single-tenant restaurant or fitness business. Situated in a CMX-2.5 zoned area, this property offers high visibility and accessibility. The entire space is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. The building's total square footage is 1,223 square feet, mirroring the available leasable space. The property's prime corner location ensures excellent street frontage and exposure to high pedestrian and vehicular traffic. This is an ideal location for businesses seeking a strong presence in a vibrant Philadelphia neighborhood. The address is easily accessible, offering convenient access for both customers and employees. This single-tenant occupancy ensures complete control and flexibility for the lessee. Serious inquiries are encouraged to explore the potential of this exceptional commercial space. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. This is a rare opportunity to secure a well-located, sizable retail space in a desirable Philadelphia location. Don't miss out on this chance to establish your business in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $232,287

  6.5%

  $214,419

  7%

  $199,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $159,797

  Geo Method

  $159,797

• Alternative Use

  Use

  Valuation

  Residential

  $265,880

  Hospitality

  $243,544

  Educational

  $202,626

  Medical

  $209,595

  Retail

  $315,196

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.97

Longitude

-75.164

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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