Property profile

768 Wayne Ave Indiana, PA 15701

FOR LEASE
Commercial real estate
Property ID
US73-4657234
4,485 SF 0.25 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
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768 Wayne Ave, Indiana, PA 15701 For Lease
Contact for pricing 4,485 SF available
768 Wayne Ave, Indiana, PA 15701
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Property summary

AI-generated overview

768 Wayne Avenue presents a remarkable opportunity for retail, restaurant, or medical businesses seeking a prominent location in Indiana, Pennsylvania. This single-tenant, 4,485-square-foot free-standing building, constructed in 2016, sits on a 0.25-acre lot (APN 23-003-124, Indiana County). The property is currently vacant and offers immediate occupancy. Its strategic location places it within convenient walking distance of Indiana University of Pennsylvania, boasting a student population of 7,047. This high-traffic area benefits from its proximity to established national retailers, including Chick-fil-A, Dollar General Market, Pizza Hut, and Dunkin' Donuts, ensuring high visibility and potential customer traffic. The building's single-story design provides efficient and accessible space, ideal for a variety of uses. The property's former use as a Sheetz convenience store provides a solid foundation for a range of potential businesses. This is a rare opportunity to acquire a well-situated, ready-to-occupy retail space in a thriving college town. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Indiana market. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2016
Total area 4,485 SF
Lot 0.25 ac (10,890 SF)
APN 23-003-124
UPID US73-4657234

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Atm

Location

768 Wayne Ave Indiana, PA 15701
Indiana metro Census 961104 INDIANA, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$820k
Comparable Approach Comparable
$697k
Blend (final) Blend
$810k

Owner & transaction history

since 2015
2 recorded transactions
2015
$181,815
2015
$9,792

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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