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Similar to Commercial Mixed Use in Francisville
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Commercial Mixed Use in Francisville
- 1. 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PROPERTY OVERVIEW Excellent investment opportunity in Francisville. Located on Ridge Avenue, where investment and new construction projects are in abundance, this project will surely provide an excellent return on investment for any experienced developer. This property is zoned CMX-2.5 which gives the owner the opportunity to develop vertically to 55 feet by right. Add this project to your portfolio or purchase to hold in an area where property values have skyrocketed over the course over the last 3 years. PROPERTY HIGHLIGHTS CMX 2.5- Ability to Develop Vertically Rapidly Developing Area Close Proximity to Center City Rapidly Increasing Property Values Commercial Corridor SALE PRICE: $375,000 PRICE PER UNIT: - LOT SIZE: 2,087 SF BUILDING SIZE: 3,200 SF ZONING: CMX 2.5 MARKET: Francisville CROSS STREETS: Ridge Avenue And Francis Street
- 2. mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE
- 3. 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
- 4. mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE
- 5. mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. * Demographic data derived from 2010 US Census 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE ETHNICITY 0.5 MILES 1 MILE 1.5 MILES % HISPANIC 8.4% 5.3% 5.3% RACE 0.5 MILES 1 MILE 1.5 MILES % WHITE 37.0% 39.8% 39.8% % BLACK 55.0% 50.2% 49.0% % ASIAN 3.8% 6.3% 7.1% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 0.2% 0.3% 0.3% % OTHER 3.1% 2.1% 2.1% POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 14,638 53,763 119,564 MEDIAN AGE 31.8 32.2 32.2 MEDIAN AGE (MALE) 31.1 31.6 31.3 MEDIAN AGE (FEMALE) 32.5 32.5 33.0 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 6,479 23,594 53,651 # OF PERSONS PER HH 2.3 2.3 2.2 AVERAGE HH INCOME $54,570 $57,395 $56,373 AVERAGE HOUSE VALUE $252,737 $324,508 $248,367
- 6. PROPERTY OVERVIEW Excellent investment opportunity in Francisville. Located on Ridge Avenue, where investment and new construction projects are in abundance, this project will surely provide an excellent return on investment for any experienced developer. This property is zoned CMX-2.5 which gives the owner the opportunity to develop vertically to 55 feet by right. Add this project to your portfolio or purchase to hold in an area where property values have skyrocketed over the course over the last 3 years. The possibility exists for packaging 1626 Ridge with 1622-1624 for investors that are seeking additional contiguous space for development. LOCATION OVERVIEW The 1600 block of Ridge Avenue is a commercial corridor in Francisville, a transitioning working class North Philadelphia neighborhood that is benefiting from a recent surge in development that has brought about dramatic revitalization and has lead to its transformation into one of the most sought after areas for new construction development projects in Philadelphia. 1626 Ridge Avenue, Philadelphia, PA 19130 1626 RIDGE COMMERCIAL MIXED USE FOR SALE mc772.yourkwoffice.com/ KW COMMERCIAL 1619 Walnut Street Philadelphia, PA 19103 DEVAN ROBERTS Associate Director 267.539.1944 devangroberts@gmail.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.