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    405 Philadelphia St Indiana, PA 15701

    For Lease
    $24 SF/Yr ($17,798 /Mo)

    Downtown Indiana Retail Space Available

    Lot size:
    8,899 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Indiana Gateway Shoppes presents a prime retail investment opportunity in the heart of Indiana, Pennsylvania. This newly redeveloped 8,899 square-foot strip center boasts a highly visible location at the intersection of 4th Street (12,000 cars per day) and Philadelphia Street (13,000 cars per day), ensuring significant foot and vehicle traffic. Currently, three spaces are available, ranging from 1,160 to 1,162 square feet, ideal for a variety of retail businesses. The property sits on a 0.18-acre lot and is a multi-tenant building. Verizon Wireless is an established anchor tenant, providing stability and attracting further customer traffic. This redevelopment project offers a unique chance to establish a presence in Indiana's thriving downtown retail market, benefiting from the proximity to Indiana University of Pennsylvania, a major institution with over 15,000 students. The property's address is 405 Philadelphia Street, Indiana, PA 15701, within Indiana County. This location provides excellent accessibility and visibility for any business seeking to capitalize on the strong local demographics and high traffic counts. The property's modern design and strategic location make it an exceptional opportunity for growth and success.

    Property Features for 405 Philadelphia St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,899 SF
    Total Rate
    17798

    Unit(s) available at that property

    Space
    Suite 3
    Size
    1,162 SF
    Rate per SF
    $24
    Space
    Suite 4
    Size
    1,162 SF
    Rate per SF
    $24
    Space
    Suite 2
    Size
    1,160 SF
    Rate per SF
    $24
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1460444
    Latitude
    40.6232149

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    FAQs

    What type of property is this?
    Neighborhood center - Downtown Indiana Retail Space Available
    Where is this neighborhood center located?
    The property is located at 405 Philadelphia St Indiana, PA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
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    405 Philadelphia St Indiana, PA 15701
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    Indiana, PA 15701
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    Realmo Value Estimation

    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.

    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.

    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
    405 Philadelphia St Indiana, PA 15701
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