Prime mixed-use development opportunity along the Market Street corridor in West Philadelphia, just moments from University City expansion. This offering is zoned CMX-2, with 16’ of frontage on a high-visibility corner at 53rd & Market Streets. Ideal for a commercial storefront at street level with residential rental units above, this site offers strong potential for both immediate income and long-term appreciation. Located just one short block from the Market-Frankford Line, the property provides convenient access to Center City and surrounding neighborhoods, an attractive feature for both tenants and business owners. Positioned within a federally designated Qualified Opportunity Zone (QOZ), this is a compelling option for investors seeking to maximize upside through strategic development and long-term hold potential. Property can also be purchased as part of a package deal with 2 adjacent parcels, offered at $450,000 (see MLS ID PAPH2597754). Buyer responsible for all due diligence regarding zoning, plans, and approvals.
Lot/land
$175,000
5301 Market St, Philadelphia, PA 19139
--beds
--baths
1,072Square Feet
Unimproved Land
Built in ----
1,072 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 161 days
- 21
- 0
Zillow last checked:
Listing updated:
Listed by:
Carmine Rauso 610-420-9979,
Keller Williams Main Line 6105200100,
Co-Listing Agent: Debbie Rauso 610-420-4454,
Keller Williams Main Line
Source: Bright MLS,MLS#: PAPH2597758
Facts & features
Property
Lot
- Size: 1,072 Square Feet
- Dimensions: 16.00 x 67.00
Details
- Parcel number: 885000164
- Zoning: CMX2
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Philadelphia
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Tax assessed value: $26,800
- Annual tax amount: $375
- Date on market: 3/20/2026
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,331/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $175,000-20.5% |
Source: | ||
| 4/7/2020 | Sold | $220,000-2.2% |
Source: Agent Provided Report a problem | ||
| 3/21/2018 | Listing removed | $225,000 |
Source: Keller Williams Realty Group #1000222082 Report a problem | ||
| 3/2/2018 | Listed for sale | $225,000+221.4% |
Source: Kw Realty Group #1000222082 Report a problem | ||
| 2/16/2005 | Sold | $70,000+704.6% |
Source: Public Record Report a problem | ||
| 10/17/2002 | Sold | $8,700 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $248 -71.9% | $17,700 -71.9% |
| 2024 | $883 | $63,100 |
| 2023 | $883 -3.8% | $63,100 |
| 2022 | $918 | -- |
| 2021 | $918 +0.9% | -- |
| 2018 | $910 | -- |
| 2017 | $910 +2.8% | -- |
| 2016 | $885 +2.9% | -- |
| 2015 | $859 | -- |
| 2014 | $859 | $61,400 |
Find assessor info on the county website





