MLS#PAPH2633692
STATUSACTIVE
PROPERTY TYPECommercial - Foreclosure
SUBDIVISIONWEST PHILADELPHIA
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property 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.
Property Features
Property Type: Commercial - Foreclosure
Cooling: None
Fuel Type: None
Heating: None
Lot Size: 0.09 Acres
Taxes: $22,145
Year Built: 1920
Feature Descriptions
Accessibility: Elevator
Days on Site: 3
Exterior: Masonry
Location: Urban
Lot: Corner
Lot Dimensions: 0.09 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: City
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
High School: UNIVERSITY CITY
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Genstone Realty
Agency Phone: 4844601545
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
17 23 S 52nd Street | MLS# PAPH2633692
This commercial property located at 17 23 S 52nd Street , Philadelphia, PA 19139 is currently listed for sale with an asking price of $2,250,000. 23 S 52nd Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.