17-23 S 52nd St,PHILADELPHIA, PA 19139
PHILADELPHIA, PA 19139
Description
The Parke Building presents a rare redevelopment opportunity in the heart of West Philadelphia's rapidly evolving 52nd Street corridor. Positioned prominently on the southeast corner of 52nd & Ludlow, this seven-story mixed-use building offers approximately 28,609 square feet on a corner lot with 61 feet of frontage and is located within a Qualified Opportunity Zone. Currently in shell condition, the property still showcases remnants of its original 1920s architectural character while providing a blank canvas for a visionary developer. The property is zoned CMX-4 and includes a use permit for a 46-unit apartment project, creating significant upside potential in a location surrounded by public transportation, neighborhood commerce, and ongoing investment. The rooftop delivers sweeping 360-degree views, including striking views of the Center City skyline, while SEPTA's 52nd Street Market-Frankford Line station sits just steps away, offering direct access to Center City and University City. This is a unique opportunity to reposition a landmark-scale property in one of Philadelphia's most transit-oriented corridors.
Details
| MLS # | PAPH2633692 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 87 |
| Listing Provided By | Genstone Realty | Christopher B Nelson |
Features
| Story(s) | 7 |
|---|---|
| Zoning | CMX4 |
| Acreage | 0.09 |
| Property View | City |
Interior
| Cooling | None |
|---|---|
| Heating | None |
Exterior
| Construction Materials | Masonry |
|---|---|
| Lot Features | Corner |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 22145 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | WEST PHILADELPHIA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| High School | UNIVERSITY CITY |
| Listing VS Median (in WEST PHILADELPHIA) | |
Price: $1,950,000 low | high Med: $140,000 On site: 87 low | high Med: 40 | |
Market Activity 19139
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | WEST PHILADELPHIA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| High School | UNIVERSITY CITY |
| Listing VS Median (in WEST PHILADELPHIA) | |
Price: $1,950,000 low | high Med: $140,000 On site: 87 low | high Med: 40 | |
