2406 Ridge Avenue Philadelphia, PA $ 225,000
2406 Ridge Avenue
$ 225,000
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2406 Ridge Avenue

Philadelphia, PA, 19121
$ 225,000
Baths0.0 Sq 3,018

Monthly Estimate*

$ 1,495

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Studio

Commercial Property for sale in Philadelphia, PA

for $225,000. This 3,018 square foot building was built in 1915 on a lot size of 0.03.

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.

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Commercial Active

Price

$ 225,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,571

Style

Hair Salon and Spa,/General Retail,Restaurant/Bar

Lot Size

0.03

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2316854

Features
Interior
Heating Fuel None
Hot Water None
Total Stories 3
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Public Septic
Heating None
Cooling None
Possession Settlement
Zoning CMX2
Construction Materials Masonry
Year Built 1915
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Hair Salon and Spa Other/General Retail Restaurant/Bar Other
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name PHILADELPHIA (NORTH)
Water Access Y/N N
Status ACTIVE
Directions Property is on south side of Ridge Ave near N 24th St.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Disclosures Agent Related to Owner
Zoning Description Mixed Use
MLS Area 19121 (19121)
Lot Size Square Feet 1440.00
Waterfront Y/N N
Street Name RIDGE
Tax Annual Amount 1571.0
Property Condition Major Rehab Needed
Price Per Sq Ft Total 74.55
Acceptable Financing Cash
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 110
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 311
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 3018.00
Lot Dimensions 18.00 x 80.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 22400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2406
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* Excluded Features
List By
Philadelphia Homes

Broker

karen@thephillyhomes.com

Email

Affordability Calculator

$1,626
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,495
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/30/2024$225,000 Listed Price

Map


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2406 Ridge Avenue, Philadelphia, PA, 19121 is a Commercial Property for sale at $225,000 with 3,018 sqft and a lot size of 0.03. 2406 Ridge Avenue is a studio with 0.0 baths and was built in 1915. The property's zip code is 19121 which is in Philadelphia, PA