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17 S 52nd St, Philadelphia, PA 19139

$1,875,000
: 28,609
SqFt

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List Price: $1,875,000
Days on Market: 5
Status: ACTIVE
MLS#: PAPH2679430
Living Area: 28,609
Lot Size (Acres): 0.09
Style: Other
Year Built: 1920
County: Philadelphia
School District: Philadelphia City

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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.

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Additional Information

Area: 19139 (19139)
Subdivision: West Philadelphia
Foreclosure: Yes
School District: Philadelphia City
View: City
Heating: None
Cooling: None
Water: Public
Sewer: Public Sewer