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$2,450,000
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Property Description & Video
1108 Pine Street, Philadelphia, PAVideo Tour of 1108 Pine Street, Philadelphia, PA.
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.
Full Property Details
Full Property Details for 1108 Pine St
General
- Price: $2,450,000
- Taxes: $7,872 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2355988
- Updated: 3/6/2026
- Added to Site: 689 day(s) ago
Business
- Business Type: Apartment Building, Other/General Retail
Interior
- Flooring: Bamboo, Tile/Brick
Additional Information
- Security/Safety: Exterior Cameras, Fire Detection System, Electric Alarm, Smoke Detector, Security System
Parking
- Total Spaces: 1
- Parking Type: Parking Lot
Location
- Area: 19107 (19107)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: WASHINGTON SQ WEST
- Driving Directions: GPS
- Location Details: Urban
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Roof: Flat
- Building Size: 4200
- Year Built: 1968
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Property View: City
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,020
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 101.00
- Fence: Yes
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $583.33
- For Lease: Yes
- Assessment Year: 2025
- School Tax: $4,408
- City/TownTax: $3,463
- City/TownTax Freq: Annually
- Tax w/Assessment: $562,399
- Tax Amount: $7,872
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 88
Listed by Kurfiss Sotheby's International Realty, Michael A. Kelczewski
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Schools
Schools serving 1108 Pine St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106 | K-8 | 0.4 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1108 Pine St
Date
Details
Price
Change
Source
5/16/2025
Price Reduced
$2,450,000
-2.78%
MLS
10/31/2024
Price Reduced
$2,520,000
-3.08%
MLS
5/16/2024
Listed
$2,600,000
78.69%
MLS
8/21/2019
Sold
$1,455,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1108 Pine St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,872
—
$1,141,100
—
2024
$7,872
-35%
$1,141,100
100%
2023
$12,073
5%
100%
2021
$11,453
—
-100%
2022
$11,443
-5%
$817,500
-5%
2020
$12,083
1%
$863,200
1%
2019
$11,964
3%
$854,700
3%
2018
$11,617
-2%
$829,900
-2%
2017
$11,816
—
$844,100
—
2016
$11,816
4%
$844,100
—
2015
$11,311
—
$844,100
—
2014
$11,311
21%
$844,100
779%
2013
$9,380
—
$96,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1108 Pine St
1108 Pine Street, Philadelphia, PA 19107 (MLS# PAPH2355988) is a Apartment property. 1108 Pine Street is currently listed for $2,450,000 and was received on May 16, 2024. Want to learn more about 1108 Pine Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

