1617-19 Ridge Ave,PHILADELPHIA, PA 19130
PHILADELPHIA, PA 19130
Description
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 building's 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 installed-opening 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 Philadelphia's 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 you're 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 location-this is the kind of investment property that does not come around often.
Details
| MLS # | PAPH2616612 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Year | 2023 |
| Days On Site | 162 |
| Listing Provided By | Real of Pennsylvania | William Holder |
Features
| Story(s) | 5 |
|---|---|
| Zoning | CMX25 |
| Acreage | 0.08 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Concrete, Metal Siding, Wood Siding |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 3700 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19130) | |
Price: $3,500,000 low | high Med: $3,200 On site: 162 low | high Med: 64 | |
Market Activity 19130
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19130) | |
Price: $3,500,000 low | high Med: $3,200 On site: 162 low | high Med: 64 | |
