4200 Ridge AvePhiladelphia, PA 19129

Property Details for 4200 Ridge Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

9,936 SF

Zone code

CMX2.5

Property type

Investment properties

Property subtype

Live-work space

APN

88-2-2505-85

APU

882250585

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,642,718

  6.5%

  $1,516,355

  7%

  $1,408,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,298,238

  Geo Method

  $1,298,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,880,280

  Hospitality

  $1,722,326

  Educational

  $1,432,955

  Medical

  $1,482,237

  Retail

  $2,229,042

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0088

Longitude

-75.1944

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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