17-23 S 52ND ST, Philadelphia, PA 19139

• 28,609 sqft

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.

Listing Status:

Active

Data Last Updated:

August 8, 2026 at 12:18PM

Listing Office:

Genstone Realty : 4844601545

Listing Agent:

Christopher B Nelson : 4845767430

MLS ID:

PAPH2638114

Interior

• A/C: None
• Heating: None
• Disability Feature: Elevator

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• General: MasonrySlab

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX25883377010
• View: City

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN