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.
For sale
Price cut: $70K (5/16)
$2,450,000
1108 Pine St, Philadelphia, PA 19107
3beds
4baths
4,200sqft
Est.:
Retail
Built in 1968
-- sqft lot
$-- Zestimate®
$583/sqft
$-- HOA
What's special
Modern finishesRear parking spaceUpdated layoutsNewer hvac systemsBamboo and tile flooring
- 450 days
- on Zillow |
- 299 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 12:29pm
Listed by:
Michael Kelczewski 302-383-1983,
Kurfiss Sotheby's International Realty 2157352225
Source: Bright MLS,MLS#: PAPH2356374

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Ductless, Electric
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 2,020 Square Feet
- Dimensions: 20.00 x 101.00
- Features: Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871001500
- Zoning: CMX1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Retail
Materials
- Masonry
- Roof: Flat
Condition
- Excellent
- New construction: No
- Year built: 1968
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Washington Sq West
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $583/sqft
- Tax assessed value: $562,399
- Annual tax amount: $7,872
- Date on market: 5/17/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
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