124 Indiana Ave Philadelphia, PA 19134
- Residential income homes
- 26,800 SF
- 0.06 lot acres
Current Use by Public Records
- Impact Services Corporation / Veterans Organization
- Impact Services-Shared Veteran Housing / Housing Authority
Property Details for 124 Indiana Ave
- Year built
- 1935
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.06 lot acres
- Property size
- 26,800 SF
- Zone code
- IRMX
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 88-6-0000-06
- APU
- 886000006
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $735,000
- 6.5%
- $790,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $815,000
- Geo Method
- $730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $780,000
- Mixed-Use
- $640,000
- Hospitality
- $850,000
- Educational
- $710,000
- Residential Income
- $695,000
- Energy
- $735,000
- Income-Based Land
- $850,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1289
- Latitude
- 39.9952
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
