1617-19 Ridge Avenue Philadelphia, PA $ 3,500,000
1617-19 Ridge Avenue
$ 3,500,000
Recently Listed New Construction
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1617-19 Ridge Avenue

Philadelphia, PA, 19130
$ 3,500,000
Bedrooms-- Baths-- Sq 8,365

Monthly Estimate*

$ 21,550

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Commercial Property for sale in Philadelphia, PA

for $3,500,000. This 8,365 square foot building was built in 2023 on a lot size of 0.08.

Presenting 1617-19 Ridge Ave, Philadelphia, PA 19130, an incredible newer-construction mixed-use investment opportunity in the highly desirable Francisville neighborhood. Built in 2023, this impressive commercial apartment building features 13 residential units plus 1 commercial unit, offering strong income potential, modern conveniences, and a thoughtfully designed layout for both residents and commercial use. The residential units consist of a mix of 1- and 2-bedroom apartments, including one unique bi-level unit. Tenants enjoy access to a shared rooftop deck, perfect for relaxing, entertaining, and taking in the city atmosphere. The building also offers an elevator for convenience, additional hallway storage areas, and a secure private breezeway rear entrance designed exclusively for tenant use. The rear breezeway includes the buildings trash room, mailboxes, package/Amazon drop area, and key-fob-only access, providing added security and day-to-day convenience for residents. The commercial unit offers excellent visibility with a front entrance directly on Ridge Ave. This bi-level space features a finished main floor with a bathroom, while the unfinished lower level provides endless possibilities for expansion, storage, workspace, or future customization. Kitchen-use accessibility was also considered during construction, with venting access already installedopening the door to a variety of potential commercial uses. One of the major highlights of this property is the remaining tax abatement, with approximately 7 years left, offering the benefit of reduced real estate taxes and improving the overall investment appeal. Buyer should verify all tax abatement details. Adding even more value, 1617-19 Ridge Ave is located in a census tract designated as a Qualified Opportunity Zone, based on 2026 data. As part of the original Opportunity Zone 1.0 program, which remains in effect through 2028, this location may offer additional appeal to investors exploring potential tax advantages through Qualified Opportunity Fund strategies. Combined with the remaining tax abatement, newer construction, and income-producing mixed-use layout, this property presents a compelling opportunity for both current cash flow and long-term upside. Buyer should verify Opportunity Zone eligibility, timing, and potential benefits with their tax advisor. The property is also positioned in one of Philadelphias rapidly redeveloping and increasingly desirable neighborhoods, where continued investment, new construction, residential demand, and expanding commercial activity are creating exciting long-term growth potential. The surrounding Francisville corridor continues to benefit from neighborhood revitalization, strong walkability, and increasing demand for modern rental housing and convenient retail/service-based businesses. Located in an amazing, highly walkable area with easy access to public transportation, major travel routes, dining, shopping, cafes, and neighborhood amenities, this property is positioned for long-term demand and growth. Whether youre looking to expand your portfolio, secure a modern mixed-use asset, or capitalize on a strong rental location, 1617-19 Ridge Ave is a rare opportunity that checks all the boxes. Newer construction, tax abatement, Opportunity Zone positioning, elevator access, rooftop deck, secure tenant amenities, and a prime Francisville locationthis is the kind of investment property that does not come around often.

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 3,700

Style

Apartment Building,Convenience Store/Gas,Day Care

Lot Size

0.08

Year Built

2023

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2616612

Features
Interior
Heating Fuel Electric
Flooring Laminate Plank
Hot Water Electric
Total Stories 5
Heating Y/N Y
Central Air Y/N Y
Number of Elevators 1
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 0-30 Days CD Negotiable
Zoning CMX25
Construction Materials Concrete Metal Siding Wood Siding
Exclusions Tenants personal property.
Year Built 2023
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building Convenience Store/Gas Day Care Facility Other/General Retail Professional Other
Accessibility Elevator Level Entry - Main
County PHILADELPHIA
Operating Expense 38237.00
Insurance Expense 8560.00
New Construction Y
Property Type Commercial Sale
MaintenanceExpense 4500.00
Possible Use Apartment Building
Water Access Y/N N
Status ACTIVE
Directions GPS
City PHILADELPHIA
MLS Area 19130 (19130)
Lot Size Units Square Feet
Lot Size Square Feet 3424.00
Tax Annual Amount 3700.0
Electric Expense 2880.00
Property Condition Excellent
Trash Expense 3000.00
Price Per Sq Ft Total AG 418.41
Acceptable Financing Cash Conventional
Construction Completed Y/N N
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Estimated
Tax Lot 163
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 8365.00
Lot Dimensions 35.00 x 110.00
Lot Size Acres 0.08
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 15139.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1617
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* Excluded Features
List By
Real Of Pennsylvania

Broker

williamholderrealty@gmail.com

Email

Affordability Calculator

$21,858
Per Month
99%
1%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$308
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$3,500,000 Listed Price

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1617-19 Ridge Avenue, Philadelphia, PA, 19130 is a Commercial Property for sale at $3,500,000 with 8,365 sqft and a lot size of 0.08. 1617-19 Ridge Avenue was built in 2023. The property's zip code is 19130 which is in Philadelphia, PA