BuySellBlogBrowse Listings

1108 Pine StreetPhiladelphia, PA 19107

For Sale

$2,450,000

Smart Buyer Rebate $24,500

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.

Listed by Michael A. Kelczewski

·

Kurfiss Sotheby's International Realty

·

3023831983

Last updated June 18, 2025

·

Source: BrightMLS #PAPH2356374

Listing Facts

  • TypeMulti-family
  • NeighborhoodWashington Square West
  • Days on Prevu479
  • Taxes$7,872/year
  • Size4,200 sqft
  • Price per sqft$583

Location

Mortgage Calculator

Listing History

05/16/2025
Price Decreased
$2,450,000
10/31/2024
Price Decreased
$2,520,000
05/17/2024
Listed by Kurfiss Sotheby's International Realty
$2,600,000

Property Details for 1108 Pine Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Property Condition: Excellent
  • Roof: Flat
  • Stories Total: 3
  • Year Built: 1968
  • Architectural Style: Other
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • View: City
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.05
  • Lot Size Dimensions: 20
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,020
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $7,872.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 4,200
  • Living Area Source: Assessor

Other

Location

  • Subdivision Name: WASHINGTON SQ WEST
  • Tax Lot: 88

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C, Ductless/Mini-Split
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.