About 1029 Ridge Ave
This building has been completely renovated a few years ago. There are 5 residential unit plus one commercial unit on the first floor. The landlord is currently using the first floor commercial space. The other 5 units are leased out. Its a turn key business. It has very high cap rate compared to other properties in Chinatown area. The property in this area tend to appreciate unexpectedly. Come and check it out.
Features of 1029 Ridge Ave
| MLS® # | PAPH2496598 |
|---|---|
| Price | $1,750,000 |
| Bathrooms | 0.00 |
| Square Footage | 13,341 |
| Acres | 0.11 |
| Year Built | 1903 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1029 Ridge Ave |
|---|---|
| Area | 19123 |
| Subdivision | CHINATOWN |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19123 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding, Block, Concrete/Block |
|---|
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Date Listed | June 19th, 2025 |
|---|---|
| Days on Market | 127 |
| Zoning | INDUS |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Liberty Real Estate |
|---|---|
| Contact Info | 2156254725 |