Commercial property report

1501-07 E Erie Ave

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1 story4,600 sqftCMX2.5built 1955

Property at a glanceBank

Sovereign Bank

2026 assessment
$1.9M OPA value, not a listing price
2027 published assessment
$690K Future roll, not the current tax bill
Neighborhood area
Frankford · Juniata Approximate · based on ZIP 19124
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 $690,000. It is not yet the billed-year tax basis.

$0$1.3M$2.5M$690K2004200820122016202020242027
Property assessmentAssessmentL&I violationPermitInspectionLicense

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. InspectionL&I investigation
  2. L&I violationNEW USE
  3. L&I violationEXTENSION CORDS
  4. L&I violationOBSTRUCTIONS
  5. L&I violationEXIT SIGNS WHERE REQUIRED
  6. L&I violationUNAPPROVED CONDITIONS
  7. L&I violationFIRE EXTINGUISHERS
  8. InspectionL&I investigation
  9. PermitTank Install/Removal
  10. PermitZoning/use
  11. LicenseSOVEREIGN BANK: Dumpster License - Private Property L&I license filing initially issued
  12. InspectionL_CLIP
  13. InspectionL_CLIP

Verify the public record

$26,078/year estimated property tax

2026 taxable assessment $1,863,000 × 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 $690,000. 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 882963410
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 No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

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

Property report

Commercial property

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

What it is
Bank Bank/Off 1 Sty Masonry
Owner
Sovereign Bank
$ / sq ft
$150 below the $151 median for 7,668 commercial parcels citywide
Corridor
Erie Torresdale city commercial corridor
Interior area
4,600 sqft
Lot size
17,461 sqft
Stories
1
Built
1955
Zoning
CMX2.5

Recorded owner

Who's behind it

Sovereign Bank · corporate / LLC owner

• Owns 9 properties across Philadelphia under this name, assessed at $8.7M combined
• Tax bills mail to 1130 Berkshire Blvd, Reading PA, 19612 — outside Philadelphia

Block context

1500 block of E Erie Ave. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 1509 E Erie Ave  ·  1500-30 E Erie Ave

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. InvestigationL&I investigation

    Case CF-2025-014637 · PASSED

    The cited inspection visit was marked passed.

  2. ViolationNEW USE

    Case CF-2025-014637 · Violation VI-2025-011848 · Code A-301.1/65 · COMPLIED

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

  3. ViolationEXTENSION CORDS

    Case CF-2025-014637 · Violation VI-2025-011849 · Code F-604.5 · COMPLIED

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

  4. ViolationOBSTRUCTIONS

    Case CF-2025-014637 · Violation VI-2025-011850 · Code F-1031.3 · COMPLIED

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

  5. ViolationEXIT SIGNS WHERE REQUIRED

    Case CF-2025-014637 · Violation VI-2025-011851 · Code F-1013.1 · COMPLIED

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

  6. ViolationUNAPPROVED CONDITIONS

    Case CF-2025-014637 · Violation VI-2025-011852 · Code F-604.6 · COMPLIED

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

  7. ViolationFIRE EXTINGUISHERS

    Case CF-2025-014637 · Violation VI-2025-011853 · Code F-906.2 · COMPLIED

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

  8. InvestigationL&I investigation

    Case CF-2025-014637 · FAILED

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

  9. PermitTank Install/Removal

    Permit GP-2020-007483 · Expired

    At this location an exterior underground storage tank is being removed. Access to this underground tank is being made via a mini-excavator. The tank will then be removed from the underground area. Tank will then be taken offsite to the appropriate disposal facility. Area will then be filled with clean fill and top soil. Area has already been marked out via the Pennsylvania one call system. Tank is a 250 Gallon tank.

  10. PermitZoning/use

    Permit 495940 · COMPLETED

    REDUCE (2) EXISITING PYLON SIGNS. PAINT POLES AND REMOVE TWO BOXES FROM EXISTING POLES. CHANGE FACE ON (2) EXISTING SINGLE FACE WALL SIGNS. CHANGE FACE ON ATM.

  11. License issue eventSOVEREIGN BANK: Dumpster License - Private Property L&I license filing initially issued

    License 531691 · Active

    License event. Registration does not prove present operation or storefront occupancy.

  12. InvestigationL_CLIP

    Case 29159 · CLOSED

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

  13. InvestigationL_CLIP

    Case 29159 · 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 25, 2026, 4:31 AM 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)