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Listed by Christopher Nelson • Genstone Realty
$2,250,000
Est. payment /mo
4,086 Sqft Lot
UPDATED:
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
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Nearby School & Business
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