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Stage4 Mem02

stagemem02@chime.me +1(586) 586-5860

$ 2,450,000

Est. payment | -/mo

2,020 Sqft Lot

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$ 2,450,000

Est. payment | -/mo

Save Virtual Tour

2,020 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Lot Size 2,020 Sqft

MLS Listing ID PAPH2355988

Financing Cash,Conventional

Subdivision Washington Sq West

Total Units 5

Short Sale No

Originating MLS 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

1-purchase type For Sale

Exterior

Garage Spaces 1

Waterfront N

Water Access N

View City

Roof Type Flat

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 1

Building

New Construction N

Lot Dimensions 20.00 x 101.00

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax Amount $7,872

Tax Year 2025

Tax ID 871001500

Ownership Fee Simple

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

Acceptable Financing Cash, Conventional

Special Sale Standard

testyfx76

Listed by Michael Kelczewski • Kurfiss Sotheby's International Realty

GET MORE INFORMATION

Robert Lucido

Advisor | yjnn 4444789

+1(347) 903-3026

stagesite-4.test@chime.me

www.baidu.com

West, Huai'an, CA, 90013, USA

1108 PINE ST Philadelphia, PA 19107