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Retail Redevelopment in Downtown Indiana
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405 Philadelphia St, Indiana, PA 15701

Retail spaces available in downtown Indiana near university.

Space Size1,160 SF - 1,162 SF
Property Size8,899 SF
Days on Market1381

Property Features for 405 Philadelphia St

General Information

Standard status Active
Size 1,160 SF - 1,162 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 8,899 SF
Tenancy Multiple

Spaces For Lease

at 405 Philadelphia St Contact us

Suite 3

Size
1,162 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 4

Size
1,162 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 2

Size
1,160 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Bennett Williams Commercial
Listed By: Chad Stine · License #PA RS223285L
Source: Crexi
Added: Nov 20, 2022 Changed: Aug 31 Last Checked: Aug 28 at 2:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial

Investment Insights

Based on property information with market context.

Indiana Gateway Shoppes is an 8,899 square-foot retail redevelopment situated in downtown Indiana's retail hub, at the intersection of 4th Street (12,000 CPD) and Philadelphia Street (13,000 CPD). This new construction redevelopment offers retailers an opportunity to enter the downtown Indiana market. Verizon Wireless is the main tenant. Spaces are available from 1,160 to 3,384 square feet. The property is in close proximity to Indiana University of Pennsylvania, which has over 15,000 students.

Key Highlights

  • Ideally located in the heart of downtown Indiana and its retail hub.
  • New construction, redevelopment project.
  • Features Verizon Wireless as a main tenant.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store HVAC Service Locksmith Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,143
Businesses Nearby
70k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 83% Dining 10% Home Improvements & Furnishings 4% Electronics 3%
Sheetz Shops & Services
44,324 visits/mo 0.1 miles
Dollar General Shops & Services
8,829 visits/mo 0.5 miles
Exxon Shops & Services
3,152 visits/mo 0.1 miles
Domino's Pizza Dining
2,929 visits/mo 0.1 miles
Upstreet Ace Hardware Home Improvements & Furnishings
2,616 visits/mo 0.2 miles

Demographics for 15701, PA

30,269
Population
15,695
Households
1.9
Avg Household Size
40
Median Age
41%
College-Educated
95%
High-School Grad
112.2 sq mi
ZIP Area
270
Density / Sq Mi
$56,538
Median Household Income
$30,760
Median Earnings
$799
Median Rent
$175,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail spaces available in downtown Indiana near university.
Where is this retail space located?
The property is located at 405 Philadelphia St Indiana, PA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Ideally located in the heart of downtown Indiana and its retail hub.; New construction, redevelopment project.; Features Verizon Wireless as a main tenant.
(717) 843-5555 Call to check price and availability
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