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    124 Indiana Ave Philadelphia, PA 19134

    For Lease
    Contact for pricing

    16,500 SF Retail, Multiple Tenants

    Lot size:
    16,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail property, located at 124 E. Indiana Ave in Philadelphia, Pennsylvania (zip code 19134), offers 16,500 square feet of versatile space currently available for lease. The building is zoned 2-4 and situated in Philadelphia County. The property features on-site parking, a significant advantage for both tenants and customers. The space is divisible, with a minimum leasable area of 11,000 square feet and a maximum contiguous space of 5,500 square feet. This flexibility allows for a variety of tenant configurations, making it ideal for both large and smaller businesses seeking a prominent location. The entire 16,500 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to establish themselves in a vibrant commercial area. The property's institutional subtype suggests a high-quality build and durable construction, suitable for a range of retail uses. This prime location in Philadelphia offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. Interested parties are encouraged to inquire for further details and leasing options.

    Property Features for 124 Indiana Ave

    General Information

    Property type
    Government properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,500 SF

    Unit(s) available at that property

    Space
    First Floor
    Size
    11,000 SF
    Space
    Second Floor
    Size
    5,500 SF

    HighLights

    • 16,500 SF retail space available for lease at 124 E. Indiana Ave, Philadelphia, PA 19134.
    • First floor: ~11,000 SF; Second floor: ~5,500 SF.
    • Divisible space, minimum 11,000 SF leasable.
    • Zoned 2‑4.
    • On‑site parking.
    • Entire building currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Impact Services Corporation Veterans Organization Impact Services-Shared Veteran ... Housing Authority

    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
    -75.1283484
    Latitude
    39.9946706

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    FAQs

    What type of property is this?
    Government property - 16,500 SF Retail, Multiple Tenants
    Where is this government property located?
    The property is located at 124 Indiana Ave Philadelphia, PA.
    What are key features of this property?
    This property features: 16,500 SF retail space available for lease at 124 E. Indiana Ave, Philadelphia, PA 19134.; First floor: ~11,000 SF; Second floor: ~5,500 SF.; Divisible space, minimum 11,000 SF leasable.
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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
    124 Indiana Ave Philadelphia, PA 19134
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