Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    320 S Seventh Street Indiana, PA 15701

    View on Map
    Claim this Listing
    For Lease
    $695,000 SF/Yr $247,130,416/Mo (calc)

    Retail - Indiana Boro, PA

    Type:Retail
    Property size:
    4,267 SF
    Lot size:
    0.76 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    22
    Last Refresh:
    May 8 at 12:06 am

    Property Features for 320 S Seventh Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    MU-1
    Parking
    55
    Standard status
    Active
    Size
    4,267 SF
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Annual Amount
    18394

    Building Details

    Year built
    2003
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Lockard

    Listing agent Doug Lockard License #RM424298

    Listing office ENTERPRISE REAL ESTATE ADVISORS 4088 Alpha Drive, INDIANA, PA

    Listing date Apr 17, 2026

    MLS# 1749140 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location in the heart of downtown
    • Adjacent to IUP campus, ensuring consistent foot traffic
    • Versatile 4,267 SF commercial building suitable for retail or office
    • Build‑out ready, allowing for immediate customization
    • High vehicle traffic area
    • Available for sale or lease

    Overview

    Versatile Commercial Building in Indiana

    This 4,267 SF commercial building is located in the heart of downtown Indiana Boro, Pennsylvania, adjacent to the IUP campus. The property benefits from high visibility and significant foot and vehicle traffic. The building is build-out ready for retail or office space. Situated on a 0.76-acre lot, the property is zoned MU-1. This location offers potential for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.153821
    Latitude
    40.617947

    Nearby Similar for Lease

    • $800/Mo

      Downtown Office Space For Rent

      Versatile office space with open layout and private room.
      530 Philadelphia Street, Indiana Boro, PA 15701
      View Details
    • $2,295,000 SF/Yr

      White Twp Retail Space Available

      Prime commercial space for lease in White Twp, PA.
      420 Old Rte 119 Hwy N, White Twp, PA 15701
      View Details
    • $83,208 SF/Yr

      Prime Indiana Office/Retail Space

      12,000 SF office/retail space with downtown views for sale.
      699 Philadelphia St, Indiana, PA
      View Details
    • $12 SF/Yr

      Downtown Indiana Office Space Available

      Prime downtown office space for lease with high road exposure.
      57 9th St, Indiana, PA, 15701-2647
      View Details
    • $10 SF/Yr

      Downtown Indiana Office Space

      Office space for lease in a high-traffic downtown location.
      45 S Eighth Street, Indiana Boro - IND, PA 15701
      View Details
    • Contact for pricing

      Prime Location Freestanding Building

      2,550 SF freestanding building in high-traffic downtown area.
      659 Philadelphia St, Indiana, PA 15701
      View Details
    • Contact for pricing

      Former Convenience Store in Indiana

      4,485 SF former convenience store near Indiana University of Pennsylvania.
      768 Wayne Ave, Indiana, PA 15701
      View Details
    • Contact for pricing

      Retail Redevelopment in Downtown Indiana

      Retail spaces available in downtown Indiana near university.
      405 Philadelphia St, Indiana, PA 15701
      View Details
    • Contact for pricing

      Retail Space in Townfair Center

      Retail space for lease anchored by Giant Eagle and Lowe's.
      475 S. Ben Franklin Road, Indiana, PA 15701
      View Details
    • Contact for pricing

      Retail Space in Indiana, PA

      Retail space in a vibrant commercial and community area.
      1235 Oakland Ave, Indiana, PA 15701
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,267 SF commercial building in downtown Indiana Boro, PA.
    Where is this retail space located?
    The property is located at 320 S Seventh Street Indiana, PA.
    What is the lease rate?
    The lease rate is $695,000.
    What are key features of this property?
    This property features: High visibility location in the heart of downtown; Adjacent to IUP campus, ensuring consistent foot traffic; Versatile 4,267 SF commercial building suitable for retail or office
    (724) 349-1924
    We can help!
    Listing Contact
    Doug Lockard
    Real Estate License ID: RM424298
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    320 S Seventh Street, Indiana Boro, PA 15701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!