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Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This 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.
Property Type(s):
Multi Family
| Last Updated | 11/1/2024 | Year Built | 1920 |
|---|---|---|---|
| Community | 19130 (19130) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Aug 5, '24 | $1,100,000 |
|---|---|
| Aug 5, '24 - Sep 13, '24 | $950,000 |
| Sep 13, '24 - Sep 23, '24 | $925,000 |
| Sep 23, '24 - Nov 1, '24 | $810,000 |
| Nov 1, '24 - Today | $739,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19130 (19130) |
| HEAT | Forced Air, Natural Gas |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 19.00 x 76.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Straight Thru |
| TAXES | 4437 |
| WATER | Public |
Location
Listing provided by BHHS Fox & Roach-Art Museum
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 10:54 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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