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Under contract
  • $2,450,000

    1108 Pine St, Philadelphia, PA 19107

    3beds
    4baths
    4,200sqft
    : 
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    Retail
    Built in 1968
    -- sqft lot
    $-- Zestimate®
    $583/sqft
    $-- HOA

    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.
    782 days
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    54
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    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Kelczewski 302-383-1983,

    United Real Estate (484) 367-7727

    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
      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

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,133/mo

        Price history

        DateEventPrice
        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
        5/16/2025Price change$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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Washington Square

        Getting around

        96 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        92 / 100
        Biker's Paradise

        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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