Commercial property report

1420 Locust St

13,356 sqft · CMX5

Commercial · Marabella Partnership · tax-exempt. On the 1400 block of Locust St.

Street view of 1420 Locust St — From the street — imagery © Google

From above — imagery © Esri, Maxar

Property summary

Assessment$5.4MCity assessed value Last sale$740KRecorded 2020 Est. taxes—Record unavailable Permits—Record unavailable ViolationsNone openNo open L&I cases

What stands out

AI · written from the public record

Finding

The property story

Why it matters

This is not a house. With over thirteen thousand square feet and CMX5 zoning in the heart of Center City's commercial spine, 1420 Locust is a mid-size income property, and the numbers tell a story of either a spectacular turn in the market or a change in use that the city is still catching up to. Bought at what reads as a distressed price in 2020, when thirty-year money averaged three percent, it now carries an assessed value eighteen times the block median, a gap that suggests either a recent conversion, a gut renovation that never appears in the permit record, or an assessor racing to reclassify what the building has become.

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Commercial propertyProperty report

This is a commercial, 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

Commercial

Amuse Hall Masonry

Owner

Marabella Partnership

Tax standing

Tax-exempt

Pays no property tax

$ / sq ft

$406

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

Corridor

Market West

city commercial corridor

Assessed value

$5.4M

City market value

Interior area

13,356 sqft

Lot size

9,960 sqft

Zoning

CMX5

Block context

1420 Locust St sits on the 1400 block of Locust St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1420 Locust St · 1420 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
Back taxes & liens — Real Estate Tax Balances, Dept. of 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

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

BlockReport AICited city records

Ask a cited due-diligence question about this property. BlockReport connects the public record - deeds, permits, violations, taxes, ownership, and comparable context - then explains what matters. Try 3 deep research questions with no card or account required.

About this data & fine print

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

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)