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    118 Indiana Ave Philadelphia, PA 19134

    Sponsored
    For Lease
    Contact for pricing

    60,000 SF Available, Flexible Use

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,000-square-foot commercial property, located at 118 E. Indiana Avenue, Unit E, in Philadelphia, Pennsylvania (zip code 19134), presents a unique investment opportunity. The building offers a single-tenant occupancy, providing flexibility for a wide range of uses. Currently vacant, the space boasts a generous 60,000 square feet of adaptable area, perfect for various commercial ventures. Ceiling heights range from 10 to 12 feet, providing ample vertical space. The property is zoned IRMX (Industrial/Commercial Mixed-Use), allowing for diverse operational possibilities. Ideal uses include medical offices, charter schools, daycare centers, and general office spaces for organizations such as social service agencies, non-profits, or governmental agencies. The property's flexible zoning also accommodates light warehousing or flex space needs. Situated in Philadelphia County, this property offers convenient access to major transportation routes and a vibrant urban environment. The total building size is 60,000 square feet, with the entire space currently available for lease. This presents a rare opportunity to secure a substantial and versatile commercial property in a desirable Philadelphia location. Inquire today to learn more about this exceptional offering.

    Property Features for 118 Indiana Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF

    Unit(s) available at that property

    Space
    Unit E
    Size
    60,000 SF

    HighLights

    • 60,000 SF single‑tenant commercial building at 118 E. Indiana Ave, Philadelphia, PA 19134.
    • New Market Tax Credit deal available.
    • Competitive tenant improvement packages offered.
    • Turnkey space options available.
    • Onsite off‑street parking.
    • Expansive window line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.129389
    Latitude
    39.995238

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    FAQs

    What type of property is this?
    Medical office - 60,000 SF Available, Flexible Use
    Where is this medical office located?
    The property is located at 118 Indiana Ave Philadelphia, PA.
    What are key features of this property?
    This property features: 60,000 SF single-tenant commercial building at 118 E. Indiana Ave, Philadelphia, PA 19134.; New Market Tax Credit deal available.; Competitive tenant improvement packages offered.
    Request Owner's contact information
    118 Indiana Ave Philadelphia, PA 19134
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    Philadelphia, PA 19134
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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
    118 Indiana Ave Philadelphia, PA 19134
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