Commercial property report

126-32 Race St

1 story5,700 sqftCMX3built 1900

Property at a glanceCommercial

Lootsrab L P

2026 assessment
$798K OPA value, not a listing price
2027 published assessment
$846K Future roll, not the current tax bill
Neighborhood area
Old City · Society Hill Approximate · based on ZIP 19106
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 $845,800. It is not yet the billed-year tax basis.

$0$500K$1.0M$846K2003200720112015201920232027
Property assessmentAssessmentDeed / saleL&I violationPermitInspection

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 record13 events · exact dates, newest first
  1. PermitAlterations
  2. InspectionL&I investigation
  3. InspectionL&I investigation
  4. PermitAddition and/or Alteration
  5. L&I violationUNSAFE STRUCTURE
  6. L&I violationEXTERIOR WALLS
  7. L&I violationARCHITECT/ENGINEER SERVICES
  8. InspectionL&I investigation
  9. PermitSign
  10. PermitZoning/use
  11. PermitMajor alteration
  12. PermitUse
  13. Deed / saleDeed / sale $2.0M

Verify the public record

$11,170/year estimated property tax

2026 taxable assessment $798,000 × 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 $845,800. 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 882020090
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

$5,505.30 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot for 2021. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.

$4,336.18 principal$227.65 interest$260.17 penalty$681.30 other charges
1year recorded 2021tax period 2021-12-12last payment in snapshot Yesactionable flag Nopayment agreement Nobankruptcy flag Noassessment appeal

The snapshot’s 2022 context used $763,300 total assessment, $763,300 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.”

Where the record looks off

Conflicts in City paperwork. Flags on the data, not the property.

"Built 1900" is usually a placeholder

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

Property report

Commercial property

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

$6K · Jun 2022 delinquency snapshot

What it is
Commercial Amus Rec Complex Masonry
Owner
Lootsrab L P
$ / sq ft
$148 below the $151 median for 7,668 commercial parcels citywide
Corridor
Old City city commercial corridor
Interior area
5,700 sqft
Lot size
5,738 sqft
Stories
1
Built
1900
Zoning
CMX3

Recorded owner

Who's behind it

Lootsrab L P · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $1.9M combined
• Tax bills mail to 126 Race St, Philadelphia PA, 19106

Block context

100 block of Race St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 120-24 Race St  ·  134 Race 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 13 dated rows
  1. PermitAlterations

    Permit PP-2025-000618 · Completed

    Replacement of curb trap, fresh air inlet, exterior main drain & nterior main drain

  2. InvestigationL&I investigation

    Case CF-2023-103058 · PASSED

    The cited inspection visit was marked passed.

  3. InvestigationL&I investigation

    Case CF-2023-103058 · FAILED

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

  4. PermitAddition and/or Alteration

    Permit CP-2023-007006 · Completed

    STUCCO REPAIR ONLY APPROX. 15 SQ.FT. TO COMPLY CF-2023-103058

  5. ViolationUNSAFE STRUCTURE

    Case CF-2023-103058 · Violation VI-2023-076512 · Code PM15-108.1 · COMPLIED

    Resolution: COMPLIED - PERMIT OBTAINED City marked this violation complied with; check the resolution date and live case for what was accepted.

  6. ViolationEXTERIOR WALLS

    Case CF-2023-103058 · Violation VI-2023-076513 · Code PM15-304.1(G) · COMPLIED

    Resolution: COMPLIED - PERMIT OBTAINED City marked this violation complied with; check the resolution date and live case for what was accepted.

  7. ViolationARCHITECT/ENGINEER SERVICES

    Case CF-2023-103058 · Violation VI-2023-076514 · Code A-304.1/1 · COMPLIED

    Resolution: COMPLIED - PERMIT OBTAINED City marked this violation complied with; check the resolution date and live case for what was accepted.

  8. InvestigationL&I investigation

    Case CF-2023-103058 · FAILED

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

  9. PermitSign

    Permit 571321 · COMPLETED

    INSTALL FLAT WALL SIGN, NON-ILLUMINATED

  10. PermitZoning/use

    Permit 567888 · CLOSED

    FOR THE ERECTION OF ONE (1) ACCESSORY NON-ILLUMINATED SIGN BELOW THE BOTTOM OF THE 2ND FLOOR WINDOW SILL 16'X 5' ACCESSORY TO EXISTING PERSONAL SERVICE AS PREVIOUSLY APPROVED.

  11. PermitMajor alteration

    Permit 550841 · COMPLETED

    REPLACE HISTORIC FRONT ENTRY STAIRS, RAILS, IN KIND AS PER SKETCH AND APPROVED PHC SEE ATTACHED REQUIREMENTS. FUTURE CO REQUIRED SEPARATE PERMIT.

  12. PermitUse

    Permit 565977 · COMPLETED

    USE TO PERSONAL SERVICES (PERSONAL TRAINING AND GROUP FITNESS STUDIO).

  13. Recorded transfer$2.0M transfer

    2003

Where this comes from

Methodology & freshness

This report was assembled Jul 26, 2026, 3:48 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)