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Karen Scarpa

[email protected] +1(732) 631-4514

$ 810,000

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Price Dropped by $115K

1604 RIDGE AVE Philadelphia, PA 19130

1,466 Sqft Lot

UPDATED:

09/23/2024 03:19 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Francisville

MLS Listing ID PAPH2398224

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,437

Tax Year 2024

Lot Size 1,466 Sqft

Acres 0.03

Lot Dimensions 19.00 x 76.00

Property Description

Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water 60+ Gallon Tank

Cooling Ductless/Mini-Split, Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871088150

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Dawn Varallo • BHHS Fox & Roach-Art Museum

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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East Brunswick, NJ

Karen Scarpa

Karen Scarpa

1604 RIDGE AVE Philadelphia, PA 19130

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1604 RIDGE AVE

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