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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
This listing may be a bank owned (foreclosed) property.
| DAYS ON MARKET | 0 | LAST UPDATED | 6/11/2026 |
|---|---|---|---|
| TRACT | WEST PHILADELPHIA | YEAR BUILT | 1920 |
| COMMUNITY | 19139 (19139) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|---|
| High School | UNIVERSITY CITY |
| ADDITIONAL DETAILS | |
| AIR | Electric, None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19139 (19139) |
| HEAT | None |
| LOT | 3920 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 7 |
| SUBDIVISION | WEST PHILADELPHIA |
| TAXES | 22145 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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