$74.55 Per Sq Foot $1,208 est/mo Sourced by Back At You

2406 Ridge Ave,Philadelphia, PA 19121

Philadelphia PA, 19121

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Description

Discover an exceptional investment opportunity in the vibrant Brewerytown/Sharswood area of Philadelphia! Presenting 2406 Ridge Avenue, a dynamic property offering over 3,000 sq ft of mixed-use space, poised for transformation. This property features a commercial space on the first floor, previously operated as a beauty salon, offering a fantastic foundation for a variety of business ventures. Exclusive access to the expansive residential quarters is available through a private entrance, leading to the second and third floors where spacious living areas await revitalization. Nestled in a rapidly developing neighborhood, this property stands in a QOZ (Qualified Opportunity Zone), maximizing potential tax benefits for investors. The location is unbeatable, situated amidst a plethora of local amenities in the 19121 zip code area - from eclectic dining and vibrant nightlife to cultural hotspots and lush parks. Proximity to public transportation ensures easy access throughout Philadelphia, making it a highly desirable location for both commercial and residential tenants. Sold AS IS, this property requires rehabilitation, offering a blank canvas to craft a bespoke investment tailored to the evolving demands of this up-and-coming neighborhood. Whether you're looking to inject new life into the commercial space or remodel the residential units for rental or sale, 2406 Ridge Avenue is a prime canvas for visionary investors. Don't let this remarkable opportunity slip by - envision the potential and make your mark in Brewerytown/Sharswood.

Details

MLS#PAPH2316854
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1915
Days On Site176
Listing Provided ByPhiladelphia Homes | Karen Rachel Ehrlich
Buying Commision2.5% Of Gross

Features

SQ Feet3,018
ZoningCMX2
Acreage0.03

Market Activity 19121

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Listings Checked: 8 minutes ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19121
Area19121
Community NamePhiladelphia (north)
School DistrictThe School District Of Philadelp
Elementary SchoolKelley William
Listing VS Median (in Philadelphia (north))
Price:
$225,000
low | high
Med:
$85,000
100% of Average
SqFt:
3,018
low | high
Med:
1,211
100% of Average
$ / SqFt:
$75
low | high
Med:
$71
55.317268305172% of Average
On Site:
176
low | high
Med:
368.500000
47.761194029851% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 10:46:13 PM PDT