1108 Pine Street
Philadelphia, PA, 19107 $ 2,450,000
Bedrooms4 Baths0.0 Monthly Estimate*
$ 15,285
for $2,450,000 with 4 bedrooms. This home was built in 1968 on a lot size of 0.05.
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 Wests 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, youll 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 Philadelphias 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 Philadelphias urban core.
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FeaturesGeneralLiving Area 4200
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C Ductless/Mini-Split
Possession 61-90 Days CD
Roof Flat
Zoning CMX1
Architectural Style Other
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 1968
View City
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Subdivision Name WASHINGTON SQ WEST
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions GPS
City PHILADELPHIA
Number Of Units Total 4
MLS Area 19107 (19107)
Lot Size Units Square Feet
Lot Size Square Feet 2020.00
Number of Units Leased 3
Tax Annual Amount 7872.0
Home Warranty Y/N N
Property Condition Excellent
Two Bedroom 0
Structure Type Over Storefront
Price Per Sq Ft Total AG 583.33
Acceptable Financing Cash Conventional
Rent Control Y/N N
Vacation Rental Y/N N
Virtual Tour https://www.youtube.com/watch?v=479e_IN2ZIw&t=1s
Location Type Downtown
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Tax Lot 88
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InteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Water View Y/N N
Lot Dimensions 20.00 x 101.00
Lot Size Acres 0.05
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 228220.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKurfiss Sotheby's International RealtyBroker
mkelczewski@kurfiss.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $15,285
- Monthly Property Taxes
- $656
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $572,898
Percent of Sale Price 77%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/16/2025 | $2,450,000 | -2.78% | Price Down |
| 10/31/2024 | $2,520,000 | -3.08% | Price Down |
| 5/18/2024 | $2,600,000 | | Listed Price |