Redevelopment Mixed-Use Apartment
For Sale
$2,100,000
1723 S 52nd Street, Philadelphia, PA 19139
Seven-story mixed-use building at a corner lot, currently in shell condition with a permitted 46-unit apartment plan.
Property Size28,609 SF
Price / SF$73.40
Days on Market58
Property Features for 1723 S 52nd Street
General Information
Standard status
Active
Size
28,609 SF
Property subtype
Commercial
Zoning
CMX-4
Additional Details
Opportunity Zone
Yes
Multifamily Units
46
Building Details
Year Built
1920
Stories
7
Listing Agency:
Genstone Realty
(484) 576-7430
Listed By:
Christopher B Nelson · License #RS273327
Source:
Deepcreeklake
Added: Jun 6
Changed: Jul 21
Last Checked: Aug 1 at 3:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Genstone Realty
Investment Insights
Based on property information with market context.
The Parke Building is a seven-story mixed-use property currently delivered in shell condition. Set on a corner lot, it includes remnants of original 1920s architectural character and a 46-unit apartment use permit. The rooftop provides expansive 360-degree views.
The building is positioned on the southeast corner of 52nd & Ludlow within Philadelphia’s 52nd Street corridor. It is located in a Qualified Opportunity Zone, and SEPTA’s Market-Frankford Line station at 52nd Street sits just steps away, providing access toward Center City and University City.
Zoned CMX-4, the property offers a permitted residential redevelopment framework for a buyer seeking to reposition a landmark-scale asset with transit-oriented access.
The building is positioned on the southeast corner of 52nd & Ludlow within Philadelphia’s 52nd Street corridor. It is located in a Qualified Opportunity Zone, and SEPTA’s Market-Frankford Line station at 52nd Street sits just steps away, providing access toward Center City and University City.
Zoned CMX-4, the property offers a permitted residential redevelopment framework for a buyer seeking to reposition a landmark-scale asset with transit-oriented access.
Key Highlights
- Seven‑story mixed‑use building built in 1920 on a corner lot at 52nd & Ludlow
- Approximately 28,609 SF with 61 ft of frontage on a southeast‑corner location
- Currently in shell condition, offering a blank canvas while retaining original 1920s architectural remnants
Property Analytics
Current Use
Lease Details
46
Residential units
Location Intelligence
Trade Area within ½ mile
2,343
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-story mixed-use building at a corner lot, currently in shell condition with a permitted 46-unit apartment plan.
Where is this apartment building located?
The property is located at 1723 S 52nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven‑story mixed‑use building built in 1920 on a corner lot at 52nd & Ludlow; Approximately 28,609 SF with 61 ft of frontage on a southeast‑corner location; Currently in shell condition, offering a blank canvas while retaining original 1920s architectural remnants
