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MLS: #PAPH2630726, Listed By: Eugene Zlotnikov, Acquisition Team LLC, Source:Bright MLS

1640 Ridge Avenue

PHILADELPHIA, PA 19130
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Acres0.05

Acre(Lot)

Fully approved and entitled mixed-use development opportunity for 12 apartments and 1 bi-level ground floor retail space in Philadelphia’s highly sought-after Fairmount neighborhood. Situated along the rapidly evolving Ridge Avenue corridor, this rare shovel-ready project offers investors and developers the ability to break ground immediately in one of the city’s most desirable residential and mixed-use markets. The site is strategically positioned with convenient access to Center City, the Philadelphia Museum of Art, University City, and several of Philadelphia’s most vibrant neighborhoods. Its central location continues to attract strong demand from professionals, healthcare workers, graduate students, and long-term market-rate tenants seeking an urban lifestyle with neighborhood charm. With a projected end value approaching $5 million, the project presents a compelling opportunity to capitalize on Philadelphia’s ongoing growth and limited supply of fully entitled development sites. As development opportunities become increasingly scarce in prime locations, 1640 Ridge Avenue stands out as a true gem—offering certainty, scale, and immediate execution potential. Pro Forma, Plans, and Permits available upon request.

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Detail Ic Property Details

Property Type : Land

Price : $1,150,000

AD Id : 82927797

MLS Id : PAPH2630726

Lot Size : 0.05 Acre(Lot)

County : PHILADELPHIA

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  • Lot Information

    Lot Dimensions: 20.00 x 102.00 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2045

  • Listing Price Information

    Listing Price: $1150000

  • Tax Information

    Parcel Number: 885143960 Tax Lot: 203 Tax Year: 2022 Annual Tax: $4107

  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1549 & 1551 Ridge Avenue, Philadelphia, PA, 19130 $349,000 -- -- -- 0.03 Acre(Lot)
1622 Ridge Avenue, Philadelphia, PA, 19130 $875,000 -- -- -- 0.08 Acre(Lot)

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ByOwner last updated this listing 06/20/2026 @ 10:56

MLS: PAPH2630726 LISTED BY: Eugene Zlotnikov, Acquisition Team LLC 856-214-5397 SOURCE: Bright MLS

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