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Tavern on Ridge 6076-6080 Ridge Ave 5,897 SF 37% Leased Retail Building Philadelphia, PA 19128 $2,119,671 CAD ($359.45 CAD/SF)

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Executive Summary

MPN Realty, Inc., is proud to exclusively represent the ownership in the sale of 6076-80 Ridge Avenue in the Roxborough neighborhood of Philadelphia. This property sits at the corner of Ridge avenue and Conarroe street, centrally located along the Ridge Avenue commercial corridor. Built in the 1850s both 6080 and 6076 were added to the Ridge Avenue Historical District with the creation of the district in 2017. Although they remain separately deeded the properties were connected and currently provide for five apartments on the upper floors with a ground floor commercial space, currently operating as the Tavern on Ridge. However the building is zoned for four units the current owner demised the largest unit to create and additional one. The apartments were recently upgraded and are well maintained. The commercial tenant occupies the entire space but a future owner could demise the space again to provide for two unique commercial spaces.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

5,897 SF

Building Class

Year Built

1850

Price

$2,119,671 CAD

Price Per SF

$359.45 CAD

Percent Leased

37%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

1.69

Lot Size

0.08 AC

Zoning

CMX-2.5 - primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial corridors.

Frontage

95’ on Conarroe St.

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
3,700 SF
Retail
In-Line
Now

3,700 +/- SF bar/restaurant with basement storage and office located in Roxborough. “R” Liquor License available for purchase. Fully equipped kitchen with 8’ exhaust hood with Ansul system, 8-seat bar with 6-handle draft system, rear dining room used for dining/private parties, and an adjacent space currently used as arcade/bar concept.