Spotted on Antique Row: Storefront Residence(s)
1116 Pine is the one with the red storefront | Image via Google Street View
In terms of mobility, 1116 Pine is a triple threat: WalkScore gives it a 98 (pedestrians are within walking distance to several of Midtown’s shops and restaurants), another 98 when it comes to biking (it’s near relatively flat streets and has a bike lane sitting right out front), and a perfect score of 100 when it comes to public trans (eh, but will it be used?).
All in all, a happily situated property, no? Add to that its CMX-2 zoning and first-level storefront, and you got yourself a place that rakes in a net operating income of $123,145 a year–though listing agent John Bianchimano tells us someone is already set to take up the lease on the property’s commercial portion, which (hint, hint), if you want to find out who, keep your eyes peeled for updates on Philadelphia Wedding.
But back to the residential portion. In addition to being totally rehabbed, the building has five separate units, which could be kept together for a multi-unit home. Laundry, according to Bianchimano, can be found in the unfinished basement.
THE FINE PRINT
Beds: 4
Baths: 5 full, 1 half
Square feet: 3,156
Price: $1.8 million
TREND images via Redfin.
Listing: 1116 Pine St, Philadelphia, PA, 19107 [RE/MAXX 2000]
