Bought with Perri Evanson • BHHS Fox & Roach-Media
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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $464
Subdivision Washington Sq West
MLS Listing ID PAPH2356374
Sold Date 09/11/26
Style Other
Abv Grd Liv Area 4,200
Year Built 1968
Annual Tax Amount $7,872
Tax Year 2025
Lot Size 2,020 Sqft
Acres 0.05
Lot Dimensions 20.00 x 101.00
Property Sub-Type Other
Source BRIGHT
Property 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.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Ductless/Mini-Split
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Above Ground Finished SqFt 4200
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871001500
Ownership Fee Simple
SqFt Source 4200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Tracy Sauler
Broker Associate License ID: AB069480
Broker Associate License ID: AB069480




