Commercial property report

1025 Market St

3 stories184,000 sqftCMX5built 1977

Property at a glanceStore

Keystone Philadelphia Properties L P

2026 assessment
$26M OPA value, not a listing price
2027 published assessment
$26M Future roll, not the current tax bill
Neighborhood area
Washington Square West · Chinatown Approximate · based on ZIP 19107
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

Assessment and City record timeline

The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.

Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $25,576,000. It is not yet the billed-year tax basis.

$0$25M$50M$26M2005200920132017202120252027
Property assessmentAssessmentPermitInspection

Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Highlight
Every dated record6 events · exact dates, newest first
  1. PermitZoning
  2. PermitElectrical
  3. PermitDemolition
  4. InspectionCI INSP
  5. InspectionCI INSP
  6. InspectionCI INSP

Verify the public record

$358,013/year estimated property tax

2026 taxable assessment $25,576,000 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.

OPA has published a 2027 assessment of $25,576,000. It is not the 2026 billed-year value.

Current City balanceCheck Tax Center

Payments, credits, interest, and the current amount due are maintained by the City.

OPA 882508100
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources Record found

$13,390.63 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot for 2019–2021. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.

$9,061.13 principal$1,381.84 interest$679.72 penalty$1,032.31 other charges
3years recorded 2019–2021tax periods Yesactionable flag Nopayment agreement Nobankruptcy flag Noassessment appeal

The snapshot’s 2022 context used $6,094,500 total assessment, $6,094,500 taxable, and $0 exempt/abated. Those historical fields can differ from today’s OPA exemption status.

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

Property report

Commercial property

Store, recorded in the City's commercial category. The public record and owner trail follow.

$13K · Jun 2022 delinquency snapshot

What it is
Store Shop Cent Reg'L Masonry
Owner
Keystone Philadelphia Properties L P
$ / sq ft
$139 below the $151 median for 7,668 commercial parcels citywide
Corridor
Market East city commercial corridor
Interior area
184,000 sqft
Lot size
20,400 sqft
Stories
3
Built
1977
Zoning
CMX5

Recorded owner

Who's behind it

Keystone Philadelphia Properties L P · corporate / LLC owner

• Owns 3 properties across Philadelphia under this name, assessed at $73M combined
• Tax bills mail to 401 Wilshire Boulevard Suite 700 C/O Macerich, Santa Monica CA, 90404 — outside Philadelphia

Block context

1000 block of Market St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 1001-19 Market St  ·  1026-44 Market St

No business or residential license records

No business license or residential registration matched this OPA parcel in the latest City data.

Verify with the City ↗
Open every source row 6 dated rows
  1. PermitZoning

    Permit 730167 · COMPLETED

    FOR THE ESTABLISHMENT OF UNITY OF USE TO CREATE ONE (1) LOT FOR ZONING PURPOSES (TO BE KNOWN AS 907-37 MARKET STREET) WITH RESTRICTIVE COVENANTS, AGREEMENTS AND EASEMENTS TO BE RECORDED BY DEED TO BIND CURRENT AND FUTURE OWNERS OF THE CONTIGUOUS TEN (10) (801S MARKET ST # A, 833 MARKET ST, 901S MARKET ST # A, 901 MARKET ST, 903 MARKET ST, 905 MARKET ST, 907-37 MARKET ST, 1001-19 MARKET ST, 1025 MARKET ST, 15-19 N 10TH ST) PARCELS TO PRESERVE THE UNITY OF USE AND THE LEGALITY OF THE ENTIRE PROJECT THAT STEMS FROM SINGLE ZONING LOT TREATMENT. PRIOR TO ISSUANCE OF CERTIFICATE OF OCCUPANCY, PROOF OF RECORDATION OF EASEMENTS, AGREEMENTS AND RESTRICTIVE COVENANTS MUST BE SUPPLIED. SEE A/P NO 728943.

  2. PermitElectrical

    Permit 667218 · COMPLETED

    INSALL TEMPORARY RECEPTACLES AND LIGHTING FOR DEMOLITION BY OTHERS IN GALLERY MALL AS PER 2008 NEC (CC DISTRICT)

  3. PermitDemolition

    Permit 617322 · COMPLETED

    SELECTIVE INTERIOR DEMOLITION PER EZ PERMIT STANDARDS OF FORMER TENANT SPACES TO INCLUDE NON-BEARING PARTITIONS, FLOORING, CEILINGS, FIXTURES, FF&E, DUCTWORK , EXISTING ESCALATORS AND ELEVATORS, PLUMBING AND ELECTRICAL SYSTEMS

  4. InvestigationCI INSP

    Case 49255 · CLOSED

    City marked the record closed; open the case for the closing reason.

  5. InvestigationCI INSP

    Case 49255 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  6. InvestigationCI INSP

    Case 49255 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

Where this comes from

Methodology & freshness

This report was assembled Jul 27, 2026, 1:42 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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.

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