Under Contract

MLS: #PAPH2356374, Listed By: Michael Kelczewski, United Real Estate, Source:Bright MLS

1108 Pine Street

PHILADELPHIA, PA 19107

$2,450,000 $10,329/Mo

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Overview

Bed

Bath

4,200

Sqft

0.05

Acre(Lot)

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.

Property Details

Property Type : Residential Income

Price : $2,450,000

AD Id : 60959028

MLS Id : PAPH2356374

Beds : 4

Lot Size : 0.05 Acre

Living Area Size : 4,200

Year Built : 1968

County : PHILADELPHIA

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4
Roofing Information

Flat
Interior Features

Roof: Flat Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Ductless, Electric

Building Information

Year Built: 1968 Building Area Total: 4200 Pool Features: None Private Pool: No View: City

Lot Information

Lot Dimensions: 20.00 x 101.00 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2020

Property Information

Subdivision: WASHINGTON SQ WEST Source Property Type: Residential Income Postal Code Plus 4: 7016 Property SubType: Multi Family Property Age: 58

Listing Price Information

Listing Price: $2450000

Tax Information

Parcel Number: 871001500 Tax Lot: 88 Tax Year: 2025 Annual Tax: $7872

Parking Information

On Street

Location Information

Direction: GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
238 S 11th Street, Philadelphia, PA, 19107	$995,000	4	--	3,616	3,616 SqFt

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ByOwner last updated this listing 06/19/2026 @ 03:19

MLS: PAPH2356374 LISTED BY: Michael Kelczewski, United Real Estate 484-367-7727 SOURCE: Bright MLS