• 4 Units
• 5,040 Sq Ft
• 2,200 Sq Ft
• Unknown Cap Rate

Description

Philly CRE Advisors is thrilled to present 1807 Pine Street, a rare opportunity to own a high-end, value-add multi-family property located in the heart of Rittenhouse Square, Philadelphia’s most prestigious neighborhood. This historic mixed-use property seamlessly blends timeless elegance with modern potential, featuring original woodwork, intricate trim, and crown molding throughout. The property is currently configured with three exceptionally large residential units; each flooded with natural light through its expansive windows. The largest unit is a stunning 2-bedroom with a den and two bathrooms, boasting a private roof deck—an ideal space for outdoor relaxation or entertaining. One of the 1-bedroom, 1-bath apartments features its own private balcony, a rare and highly sought-after amenity, while the other 1-bedroom, 1-bath unit offers the same spacious layout and abundant natural light, making all units warm and inviting. Additionally, the property includes a commercial space that could potentially be converted into a large residential unit. A covered garage parking space at the rear of the property is a standout feature in Rittenhouse Square, where parking is at a premium. This amenity significantly enhances the property’s value and appeal for both tenants and owner-occupants alike. With over 5,000 sq ft (excluding the basement), this property presents an extraordinary value-add opportunity, whether through modernizing the existing units or converting the commercial space into a spacious residential apartment. The property is a prime candidate for transformation into a high-performing rental property or luxury condo development. Furthermore, 1807 Pine Street is located within the highly sought-after Albert M. Greenfield School catchment. For owner-occupant buyers, this means the opportunity to send their children to one of Philadelphia’s top-rated public schools, adding even greater long-term value to this exceptional property. Situated steps from Philadelphia’s finest dining, boutique shopping, and vibrant nightlife, 1807 Pine Street also offers convenient access to major highways (I-76 and I-676), public transportation, and the city’s renowned eds and meds institutions. Don’t miss the chance to own this premier Rittenhouse Square asset with exceptional development potential. Contact us today for more information!