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Sold for $1,950,000
  • $1,950,000

    1108 Pine St, Philadelphia, PA 19107

    3beds
    4baths
    4,200sqft
    Retail
    Built in 1968
    -- sqft lot
    $1,950,300 Zestimate®
    $464/sqft
    $2,636 Estimated rent

    Home value

    $1,950,300

    $1.85M - $2.05M

    $2,636/mo

    Zestimate® history
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    $2,636/mo

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    $2,636/mo

    Rent Zestimate®

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    $12,925/mo

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    $12,925/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Kelczewski 302-383-1983,

    United Real Estate

    Bought with:

    Perri Evanson, AB067620

    BHHS Fox & Roach-Media

    Source: Bright MLS,MLS#: PAPH2356374MLS Logo

    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

    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: $464/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

    Price history

    DateEventPrice
    9/11/2026Sold$1,950,000-20.4%$464/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    5/26/2026Contingent$2,450,000$583/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    5/26/2026Listed for sale$2,450,000$583/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    5/19/2026Listing removed$2,450,000$583/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    4/10/2026Listing removed$1,800
    Source: Zillow Rentals Report a problem
    11/14/2025Listed for rent$1,800-1.4%
    Source: Zillow Rentals Report a problem
    6/12/2025Listing removed$1,825
    Source: Zillow Rentals Report a problem
    6/11/2025Price change$1,825-2.7%
    Source: Zillow Rentals Report a problem
    5/16/2025Listed for sale$2,450,000-2.8%$583/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    5/9/2025Listed for rent$1,875+13.6%
    Source: Zillow Rentals Report a problem
    10/31/2024Price change$2,520,000-3.1%$600/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    9/13/2024Listing removed$1,650
    Source: Zillow Rentals Report a problem
    8/3/2024Price change$1,650-8.3%
    Source: Zillow Rentals Report a problem
    5/18/2024Listed for sale$2,600,000$619/sqft
    Source: Bright MLS #PAPH2356374 Report a problem
    5/3/2024Listed for rent$1,800+0.3%
    Source: Zillow Rentals Report a problem
    4/26/2024Listing removed--
    Source: Bright MLS #PAPH2259776 Report a problem
    3/9/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/2/2024Price change$2,600,000-5.5%$619/sqft
    Source: Bright MLS #PAPH2259776 Report a problem
    9/23/2023Price change$1,794-5.6%
    Source: Zillow Rentals Report a problem
    9/20/2023Price change$2,750,000-3.5%$655/sqft
    Source: Bright MLS #PAPH2259776 Report a problem
    9/18/2023Price change$1,900+11.8%
    Source: Zillow Rentals Report a problem
    8/4/2023Listed for rent$1,700
    Source: Zillow Rentals Report a problem
    7/19/2023Listed for sale$2,850,000-0.9%$679/sqft
    Source: Bright MLS #PAPH2259776 Report a problem
    7/1/2023Listing removed$2,875,000+97.6%$685/sqft
    Source: Bright MLS #PAPH2230362 Report a problem
    9/4/2019Sold$1,455,000+263.8%$346/sqft
    Source: Public Record Report a problem
    3/19/2002Sold$400,000$95/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,973 +32.3%$1,141,100 -34.8%
    2024$12,073 0%$1,750,000 +102.9%
    2023$12,073 -0.1%$862,500
    2022$12,083 --
    2021$12,083 +1%--
    2018$11,964 +4.9%--
    2017$11,404 -86.2%--
    2016$82,477 --
    2015$82,477 --
    2014$82,477 $844,100
    Find assessor info on the county website

    Neighborhood: Washington Square

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,950,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,950,300