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.
Foreclosure
$1,875,000
17 S 52nd St, Philadelphia, PA 19139
46beds
--baths
28,609sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$66/sqft
$-- HOA
What's special
Corner lot
- 2 days
- 119
- 9
Zillow last checked:
Listing updated:
Listed by:
Christopher Nelson 484-576-7430,
Genstone Realty 4844601545
Source: Bright MLS,MLS#: PAPH2679430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 46
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
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 3,920 Square Feet
- Dimensions: 61.00 x 67.00
- Features: Corner Lot, Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 883377010
- Zoning: CMX25
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Masonry
- Foundation: Slab
Condition
- Fixer
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Philadelphia
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $4,869,900
- Annual tax amount: $68,168
- Date on market: 10/9/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Private Financing Available
- Ownership: Fee Simple
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/12/2021 | Sold | $2,700,000-9.8%$94/sqft |
Source:  Bright MLS #PAPH1006964 Report a problem | ||
| 8/25/2021 | Pending sale | $2,995,000$105/sqft |
Source: Bright MLS #PAPH1006964 Report a problem | ||
| 8/11/2021 | Contingent | $2,995,000$105/sqft |
Source: Bright MLS #PAPH1006964 Report a problem | ||
| 4/30/2021 | Price change | $2,995,000-18.9%$105/sqft |
Source: Bright MLS #PAPH1006964 Report a problem | ||
| 4/15/2021 | Listed for sale | $3,695,000$129/sqft |
Source: Bright MLS #PAPH1006964 Report a problem | ||
Public tax history
Tax history is unavailable.
