Commercial property report

1501 Locust St

4,868 sqft · CMX5 · built 1947

Bank · 1501 Locust Commercial LLC · assessed $3.3M (2026) · 2027 OPA assessment $2.8M. On the 1500 block of Locust St.

Property summary

Assessment$3,251,8002026 OPA assessment · 2027: $2,847,700 Last sale—No sale value available Est. tax bill$45,519/year2026 taxable assessment × 1.3998% Tax delinquency$126KCity snapshot · Jun 2022 Permits—Record unavailable Violations0 openNo historical match in fetched records

Report assembled Jul 10, 2026 “Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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Street view of 1501 Locust St — From the street — imagery © Google

From above — imagery © Esri, Maxar

Property tax

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$45,519/year

2026 taxable assessment $3,251,800 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $2,847,700; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 882896501

Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.

Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources Record found

$126,499.24 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

The property record, over time

Every dated deed, permit, inspection, license, violation, certification, and appeal is placed on the City’s annual assessment line. Select a point to read what happened; the line is an assessment history—not a sale-price chart or appraisal. OPA has also published a 2027 assessment of $2,847,700; it is not yet the billed-year tax basis.

Assessment history · all dated City records marked on the line

This property

Assessment points show the City value for each year.

Commercial propertyProperty report

This is a bank, recorded under the city's commercial category. The homeowner tools (rent estimate, homestead playbook) don't apply, so they're hidden. The full record and owner trail are below.

$126K · Jun 2022 delinquency snapshot

What it is

Bank

Bank/Off 1 Sty Masonry

Owner

1501 Locust Commercial LLC

OPA tax treatment

Assessed $3.3M

Taxable assessment on the roll

$ / sq ft

$585

above the $130 median for 12,035 commercial parcels citywide

Corridor

Market West

city commercial corridor

Assessed value

$3,251,800

2026 OPA · 2027: $2,847,700

Interior area

4,868 sqft

Lot size

5,400 sqft

Built

1947

Zoning

CMX5

Who's behind it

1501 Locust Commercial LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $9.5M combined
• Tax bills mail to 301 Yamato Road, Boca Raton FL, 33431 — outside Philadelphia

PA corporate registry ↗OpenCorporates ↗City record ↗

Block context

1501 Locust St sits on the 1500 block of Locust St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1501 Locust St · 1507 Locust St

Where this comes from

Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
Permits, violations & inspections — L&I Property History · Atlas
Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
Current property-tax balance — Verify with Philadelphia Revenue
Zoning appeals — L&I & Zoning Board appeals
Neighborhood income & rents — US Census ACS 5-year estimates
Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages

Methodology & freshness

This report was assembled Jul 9, 2026, 9:39 PM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.

BlockReport AICited sources

Ask about this commercial property across deeds, permits, violations, dated taxes, ownership, and comparable context. Curated questions are free; ask 3 custom questions per browser. Analyst includes up to 150 custom questions per day.

About this data & fine print

Answers are generated by an AI agent querying available City of Philadelphia open data at the moment you ask: OPA property assessments, Recorder of Deeds transfer records, L&I permits, violations & licenses, dated Dept. of Revenue tax records, Zoning Board appeals, Police incident reports, Philly311 requests, and School District of Philadelphia catchment and school data.

For an explicit web search or a current listing/news question, the agent may also search the public web through OpenRouter and must link every web-derived claim. Public listing pages can be stale and are not direct or comprehensive MLS access.

Property-level tax data is historical: the delinquency snapshot is dated June 2022 and the separate detailed ledger ends in 2016. Neither shows what is owed today; verify a current balance with Philadelphia Revenue.

City data is published as-is and can lag, contain errors, or be corrected later; school performance datasets run years behind and are labeled with their school year. AI answers can contain mistakes — verify anything that matters against the official record (property.phila.gov, atlas.phila.gov) before acting on it.

Informational only. Not legal, financial, or investment advice. Not a consumer report under the FCRA — it may not be used to decide anyone's eligibility for housing, tenancy, employment, credit, or insurance.

Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)