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.
25 days
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287
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17
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Zillow last checked:
Listing updated:
Listed by:
Christopher Nelson484-576-7430,
Genstone Realty4844601545
Source: Bright MLS,MLS#: PAPH2638114
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Basement
Area: 0
Heating
None
Cooling
None, Electric
Appliances
Included: Water Heater
Features
Has fireplace: No
Interior area
Total structure area: 28,609
Total interior livable area: 28,609 sqft
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Accessibility
Accessibility features: Accessible Elevator Installed
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