MLS® ID: PAPH728822

1547 RIDGE AVENUE

PHILADELPHIA, Pennsylvania, 19130

$1,145,000 Active
  • - SQFT
Welcome to 1547 Ridge Ave in the heart of Francisville~s booming commercial corridor. Built and developed by one of the neighborhoods leading developers, The Stamm Development Group. This 4,500 sq ft, 20 ft wide, four story new construction property features NET OPERATING INCOME of approximately $72,000, with roughly 9 years left on the tax abatement, a ground floor and basement commercial unit, and two residential units, with the potential to condo and sell separately in the future, this property is a must see! This commercial mixed use building has standpipes, a commercial sprinkler system, french drains, sump pump, Pella windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5 foot easement on the right side of the building making trash storage easy. The first floor commercial unit is currently occupied on a 5 year NNN lease bringing in $2000/month plus $200/month in cost sharing through the NNN. It has access to a fully finished basement and private backyard. The bi level residential units on floors two through four, feature marble backsplashes, quartz waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE stainless steel appliances with gas cooking, central air/heat, white slatted Woodland blinds, Nest Thermostats, scratch resistant vinyl plank flooring, 7~ video monitors, 9-10 ft ceilings, marble vanities in the bathrooms, and custom closet systems in every bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5 bathroom currently being rented at $2000/month. Unit 2 features sweeping views of Center City from a private roof deck, as well as 2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Don~t miss your opportunity to get in at the ground level of this developing corridor! Reach out for a private showing today!
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Listing courtesy of Keller Williams Philly

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19130
  • Office name
    Keller Williams Philly
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Over Storefront
  • Zoning type
    CMX2.
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2018
  • Lot size
    0.03
  • Sewer
    Public Sewer
  • Heating
    Central
  • Agent name
    Ryan Stawasz
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    After 2010
  • Office ID
    55962
  • Agent ID
    3164347

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