17-23 S 52ND ST, Philadelphia, PA 19139
17-23 S 52ND ST, Philadelphia, PA 19139
17-23 S 52ND ST, Philadelphia, PA 19139
17-23 S 52ND ST, Philadelphia, PA 19139
17-23 S 52ND ST, Philadelphia, PA 19139
17-23 S 52ND ST, Philadelphia, PA 19139
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Hagan Realty

Hagan Realty

+1(866) 424-2601
Listed by Christopher Nelson • Genstone Realty
$ 2,250,000
Est. payment | /mo

4,086 Sqft Lot

Save
$ 2,250,000
Est. payment | /mo
Save

4,086 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision West Philadelphia

MLS Listing ID PAPH2633692

Year Built 1920

Annual Tax Amount $22,145

Tax Year 2020

Lot Size 4,086 Sqft

Acres 0.09

Property Sub-Type Mixed Use

Source BRIGHT

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.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX4

Interior

Hot Water Other

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

View City

Accessibility Elevator

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools University City

School District The School District Of Philadelphia

Others

Tax ID 883377010

Ownership Fee Simple

Special Listing Condition Bank Owned/REO

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Hagan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 424-2601

info@haganrealty.com

20251 Century Blvd Suite 125, Germantown, MD, 20874

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17-23 S 52ND ST