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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.
| DAYS ON MARKET | 447 | LAST UPDATED | 5/16/2025 |
|---|---|---|---|
| TRACT | WASHINGTON SQ WEST | YEAR BUILT | 1968 |
| COMMUNITY | 19107 (19107) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| PRICE HISTORY | |
| Prior to Oct 31, '24 | $2,600,000 |
|---|---|
| Oct 31, '24 - May 16, '25 | $2,520,000 |
| May 16, '25 - Today | $2,450,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Ductless, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19107 (19107) |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 20.00 x 101.00 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | WASHINGTON SQ WEST |
| TAXES | 7872 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | CMX1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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