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2406 Ridge Avenue,  Philadelphia PA, 19121

(Active)
$225,000
|
3,018 sqft
|
MLS# PAPH2316854
Last Updated: 5/3/2024 9:50 AM
Description for 2406 Ridge Avenue Philadelphia, PA 19121
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.
Price
$225,000
PHILADELPHIA (NORTH)
PHILADELPHIA
3,018 (approx)
PAPH2316854
Active
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.
Listing Information
Property Type: Mixed Use, Business Opportunities, 3+ Story
0.03 Acres 3,018 (approx) 1915
3
PHILADELPHIA (NORTH)
Public
Neighborhood
Room Information
Exterior / Lot Features
On Street
18.00 x 80.00
Mixed Use
Driving Directions
Property is on south side of Ridge Ave, near N 24th St.
Financial Considerations
871131950
$1,571
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19121 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19121 is $33,974. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19121 is 37 years.

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Courtesy: Philadelphia Homes
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/3/2024 9:50 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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