Commercial property report

2040 Cottman Ave

6,455 sqft · CA1 · built 1950

Store · Richard Basciano · assessed $972K (2026) · 2027 OPA assessment $1.4M. On the 2000 block of Cottman Ave.

Property summary

Assessment$971,7002026 OPA assessment · 2027: $1,350,700 Last sale$500KRecorded 1994 Est. tax bill$13,602/year2026 taxable assessment × 1.3998% Tax delinquency—Snapshot unavailable Permits2Dated events in report Violations0 openNo historical match in fetched records

Report assembled Jul 9, 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 2040 Cottman Ave — 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$13,602/year

2026 taxable assessment $971,700 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $1,350,700; 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 882337410

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 No current conclusion

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

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

What stands out

From the public record

Finding

Improved

Why it matters

Owner pulled a major alteration permit in 2015.

View supporting records →

Legal due diligence

What this record proves—and what it does not.

These checks are triggered by this property’s actual City rows. They identify the controlling document to verify; they do not declare a use legal, a building safe, or title clear.

1 verify

VerifyA separate Commercial Trash account may applyOPA classifies the parcel as commercial. BlockReport does not receive a current Commercial Trash account balance.

Why it mattersPhiladelphia charges qualifying small commercial, mixed-use, and multi-unit properties that use City collection; exemptions and private collection can change applicability. A use category alone does not prove a fee is due.

Verify nextCheck the Commercial Trash account inside the date-effective Property Payoff.

Open the controlling City guidance ↗

Closing file: checks no public-record summary can replace3 documents/searches to assign before settlement

Property Sales Certification

The seller must obtain Philadelphia’s certificate showing the base zoning, last use in the zoning record, and open violations. The City warns that it does not prove Building Code occupancy or show zoning overlays.

Next: Obtain the fresh certificate and compare it with the CO, permits, and Atlas overlays.

Official guidance ↗

Date-effective City Property Payoff

The Tax Center Property Payoff covers Real Estate Tax, Commercial Trash, and L&I abatement-work invoices. Philadelphia says it does not include business-tax debts or liens, water and sewer charges, or fines for code violations.

Next: Request the City statement effective through settlement; read every period and invoice.

Official guidance ↗

Professional title and water-lien searches

OPA ownership, deed summaries, and a zero tax balance are not clear title. Mortgages, judgments, municipal claims, water liens, easements, heirs, and other encumbrances require separate searches.

Next: Use a Pennsylvania lawyer/title company and obtain owner’s title insurance; order the separate water search/payoff.

Official guidance ↗Separate water-lien guidance ↗

Informational only—not a legal opinion, title report, code inspection, tax payoff, or substitute for a Pennsylvania lawyer, title company, inspector, or tax professional.

Commercial propertyProperty report

This is a store, 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.

What it is

Store

Store 1 Sty Masonry

Owner

Basciano Richard

OPA tax treatment

Assessed $972K

Taxable assessment on the roll

$ / sq ft

$209

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

Corridor

Cottman and the Boulevard

city commercial corridor

Assessed value

$971,700

2026 OPA · 2027: $1,350,700

Interior area

6,455 sqft

Lot size

12,996 sqft

Built

1950

Zoning

CA1

Block context

2040 Cottman Ave sits on the 2000 block of Cottman Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2030 Cottman Ave · 2028 Cottman Ave

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, 5:21 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)