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Property profile & analytics
FOR LEASE
Parking lots & garages

405 Philadelphia St Indiana, PA 15701

0.18 ac lot
Entity Owned 10-yr Hold Free & Clear
Property ID
US73-4809570
405 Philadelphia St, Indiana, PA 15701 For Lease
$18 SF/Yr 3,384 SF available
405 Philadelphia St, Indiana, PA 15701
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Property summary
AI-generated overview

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 profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.18 ac (7,841 SF)
APN 22-002-307
UPID US73-4809570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mfp Enterprises LLC · 10 yrs held
Mfp Enterprises LLC
since 2016
2 recorded transactions
2016
Price N/A
2016
$115,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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