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Listed by Christopher Nelson • Genstone Realty
$ 2,250,000
Est. payment | /mo
4,086 Sqft Lot
$ 2,250,000
Est. payment | /mo
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
