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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

Listed by Michael Kelczewski • United Real Estate

$2,450,000

Est. payment - /mo

2,020 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Under Contract

Purchase Type For Sale

Subdivision Washington Sq West

MLS Listing ID PAPH2355988

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 Mixed Use

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

Flooring Bamboo, Tile/Brick

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 1.0

Water Access N

View City

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871001500

Ownership Fee Simple

Security Features Exterior Cameras,Fire Detection System,Electric Alarm,Smoke Detector,Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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1108 PINE ST Philadelphia, PA 19107

Doug Strickland

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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