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.
Under contract
$2,450,000
1108 Pine St, Philadelphia, PA 19107
3beds
4baths
4,200sqft
Retail
Built in 1968
-- sqft lot
$-- Zestimate®
$583/sqft
$-- HOA
What's special
- 835 days
- 53
- 2
Zillow last checked:
Listing updated:
Listed by:
Michael Kelczewski 302-383-1983,
United Real Estate (484) 367-7727
Source: Bright MLS,MLS#: PAPH2356374
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
$2,406/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Contingent | $2,450,000$583/sqft |
Source: | ||
| 5/26/2026 | Listed for sale | $2,450,000$583/sqft |
Source: | ||
| 5/19/2026 | Listing removed | $2,450,000$583/sqft |
Source: | ||
| 4/10/2026 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Listed for rent | $1,800-1.4% |
Source: Zillow Rentals Report a problem | ||
| 6/12/2025 | Listing removed | $1,825 |
Source: Zillow Rentals Report a problem | ||
| 6/11/2025 | Price change | $1,825-2.7% |
Source: Zillow Rentals Report a problem | ||
| 5/16/2025 | Price change | $2,450,000-2.8%$583/sqft |
Source: | ||
| 5/9/2025 | Listed for rent | $1,875+13.6% |
Source: Zillow Rentals Report a problem | ||
| 10/31/2024 | Price change | $2,520,000-3.1%$600/sqft |
Source: | ||
| 9/13/2024 | Listing removed | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 8/3/2024 | Price change | $1,650-8.3% |
Source: Zillow Rentals Report a problem | ||
| 5/18/2024 | Listed for sale | $2,600,000$619/sqft |
Source: | ||
| 5/3/2024 | Listed for rent | $1,800+0.3% |
Source: Zillow Rentals Report a problem | ||
| 4/26/2024 | Listing removed | -- |
Source: | ||
| 3/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/2/2024 | Price change | $2,600,000-5.5%$619/sqft |
Source: | ||
| 9/23/2023 | Price change | $1,794-5.6% |
Source: Zillow Rentals Report a problem | ||
| 9/20/2023 | Price change | $2,750,000-3.5%$655/sqft |
Source: | ||
| 9/18/2023 | Price change | $1,900+11.8% |
Source: Zillow Rentals Report a problem | ||
| 8/4/2023 | Listed for rent | $1,700 |
Source: Zillow Rentals Report a problem | ||
| 7/19/2023 | Listed for sale | $2,850,000-0.9%$679/sqft |
Source: | ||
| 7/1/2023 | Listing removed | $2,875,000+97.6%$685/sqft |
Source: | ||
| 9/4/2019 | Sold | $1,455,000+263.8%$346/sqft |
Source: Public Record Report a problem | ||
| 3/19/2002 | Sold | $400,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Washington Square
Nearby schools
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.








