USAPAPhiladelphiaWashington Sq West1108 Pine St

Virtual Tour

$2,450,000

For Sale

2 years ago

1108 Pine St, Philadelphia, PA

MLS® PAPH2356374

0 Bed

0 Bath

4200 sqft

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 4200 sqft

Garage No

HOA Fees

Taxes $7,872

Days Active 604

Approx. Age 1968

Avg. Price Per Sqft $583

MLS® Number PAPH2356374

Property Address: 1108 Pine St, PHILADELPHIA, PA, 19107-7016

Average square foot calculated using Size range provided by listing agent.

Description

Investor Alert – Prime Mixed-Use Opportunity in Washington Square West.An extensively renovated and well-located mixed-use property is now available in the heart of Washington Square West’s Antique Row, directly overlooking the lush Kahn Park. This rare offering blends timeless location with modern upgrades, delivering both lifestyle appeal and long-term investment potential.The property features 2, 500+ sq ft of ground-level commercial space, currently built out as an art gallery. With flexible CMX1 zoning, the layout can be easily adapted to retail, studio, or professional office use, capturing strong projected commercial rents. Upstairs, you’ll find four fully renovated one-bedroom, one-bathroom apartments, each separately metered and featuring newer HVAC systems (2022), modern finishes, and updated layouts ideal for urban renters.Total building size exceeds 4, 200 sq ft, and recent tax abatement approval further enhances long-term return potential. While current residential leases generate steady income, full lease-up and commercial occupancy could position this property at a projected revenues, in line with prime Center City mixed-use comparables.Additional amenities include a rear parking space (or patio conversion opportunity), bamboo and tile flooring, modern fire/security systems, and unbeatable walkability to Seger Park, Whole Foods, Tria, Mixto, Bleu Sushi, SEPTA transit, and more.Highlights:.Fully renovated mixed-use building (2022 systems), Projected gross income: $150, 000+, Tax abatement in place, Located in one of Philadelphia’s most desirable, high-foot-traffic corridors, Rare value-add commercial vacancy in turnkey condition, Zoned CMX1 with flexible use potential, 1108 Pine St is ideal for 1031 exchange buyers, long-term investors, or owner-operators seeking prestige and upside in Philadelphia’s urban core.

MLS® NumberPAPH2356374

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1968

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 15, 2024List Date

$2,450,000List Price

-End Date

Not Sold YetSold Price

For Rent

Aug 19, 2025List Date

$5,600List Price

Commute

Commute

Starting Address

Destination Address

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