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$486,000

Beds
Unknown
Baths
1.0
sq ft
1,700

5460 Ridge Ave, Philadelphia, PA 19128

5460 Ridge Ave

PHILADELPHIA, PA 19128

  • 429 days on market
    • Price drop $6,000↓
FOR SALE: Vibrant Commercial Space in Prime Location - 5460 Ridge Avenue, Phila., PA 19128 Seize the opportunity to make your entrepreneurial dreams come true with this newly renovated, versatile commercial space located in the heart of Philadelphia’s bustling Ridge Avenue. Perfectly situated in a high-traffic area, this property captures both the vitality of city life and the convenience of accessibility, making it an irresistible proposition for prospective tenants. Previously configured as a retail store, this impressive 4,000 square feet property recently underwent a major facelift. The renovation marries modern aesthetics with functional design, showcasing sleek fixtures, state-of-the-art appliances, and high-end finishes. Fresh, bright, and clean, this space is ready to welcome its next tenant and thrive under its new brand. Due to is commercial zoning this would allow for 2-4 apartment units to be built on top of the current building for extra cash flow. Thanks to its flexible, open-concept layout, the opportunities for customization are limitless. While it can effortlessly cater to a high-volume retail store, its adaptability extends to possibilities like a chic coworking space, a cutting-edge tech start-up, a high-end yoga studio, or a dynamic event space. This versatility allows potential tenants to reimagine the space to suit their unique business requirements. Positioned just steps away from key public transportation links, the property ensures easy access for both employees and customers alike. It also boasts proximity to a diverse range of neighborhood amenities, further enhancing its appeal. An additional unique feature of this property is its expansive street-facing windows. These provide the interior with an abundance of natural light, creating a warm, inviting atmosphere while offering great visibility for your business from the bustling street outside. The property also comes with ample parking, a much sought-after feature in the city, ensuring convenience for both staff and customers. With its recent renovation, prime location, and multipurpose potential, this commercial space is more than just a property; it is an opportunity to foster growth and success. Immerse your business in the vibrant energy of Ridge Avenue and become a part of this thriving community. There is currently a thriving t-shirt business that is for sale that has trademarks and relationships with the major Philly sports teams. Space is being leased at $3400/month. If purchasing the building by itself with out the business the price of the building is $450,000. Don’t miss out on this rare find. Schedule a viewing today and begin envisioning your business's future at 5460 Ridge Avenue.

Details

Property type

Lot size

1,412 sq ft

Price per sq ft

$286

Year built

1920

Annual property taxes

$2,322

HOA

No

Price History

10/15/2024
Bright

Bright #PAPH2289704

Price change
$486,000
-1.22%
09/20/2024
Bright

Bright #PAPH2289704

Removed
$492,000
09/04/2024
Bright

Bright #PAPH2289704

Price change
$492,000
-1.58%

Schools & Community

Neighborhood: 

Roxborough

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bhcu

Loan start date

May 2023

Original loan amount

$299,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Commercial

Seller

Daniel Pellicciotti

Lender

M&M Re Holdings Llc

Loan start date

May 2022

Original loan amount

$180,000

Est. remaining balance

Not provided

Interest rate

4.16%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Daniel Pellicciotti

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:10 PM

Listing updated: 10/15/2024 at 2:23 PM

Listed by: Raymond V. Tran, Philadelphia Homes Phone #: (215) 948-2810

MLS: Bright #PAPH2289704

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