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375 Philadelphia St
Indiana, PA 15701
Former Rite Aid · Retail Property For Sale
Investment Highlights
- Freestanding retail building with drive-thru infrastructure.
- Surrounded by national retailers and dining options.
- Located at signalized intersection with strong traffic counts.
- Dense daytime population and solid household income levels.
Executive Summary
Positioned at a signalized corner in the heart of Indiana, Pennsylvania, this former Rite Aid offers a rare opportunity to acquire a freestanding retail asset with exceptional visibility and access. The 11,118-square-foot building sits on 1.39 acres and features a drive-thru, making it ideal for pharmacy, QSR, or other service-oriented retail uses. Located just 0.7 miles from Indiana University of Pennsylvania, the property benefits from proximity to nearly 10,000 students and a vibrant daytime population exceeding 33,000 within a 3-mile radius.
The surrounding area is a dense retail corridor anchored by national brands including Sheetz, Dollar General, Dairy Queen, Verizon, Domino’s, and more. The site is also near Indiana Mall and Regency Mall, enhancing its draw for both local residents and regional shoppers. Traffic counts on nearby arteries range from 7,600 to over 16,000 AADT, supporting strong visibility and customer flow.
This asset is well-positioned for an owner-user or investor seeking a high-traffic location with built-in infrastructure for retail or medical conversion. Its proximity to educational institutions, hospitality, and major retail centers makes it a compelling acquisition in a stable tertiary market.
The surrounding area is a dense retail corridor anchored by national brands including Sheetz, Dollar General, Dairy Queen, Verizon, Domino’s, and more. The site is also near Indiana Mall and Regency Mall, enhancing its draw for both local residents and regional shoppers. Traffic counts on nearby arteries range from 7,600 to over 16,000 AADT, supporting strong visibility and customer flow.
This asset is well-positioned for an owner-user or investor seeking a high-traffic location with built-in infrastructure for retail or medical conversion. Its proximity to educational institutions, hospitality, and major retail centers makes it a compelling acquisition in a stable tertiary market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
11,118 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.39 AC
Parking
65 Spaces (5.85 Spaces per 1,000 SF Leased)
Frontage
300’ on Philadelphia St
Property Taxes
| Parcel Number | 22-005-100 | Improvements Assessment | $890,700 |
| Land Assessment | $480,000 | Total Assessment | $1,370,700 |
Property Taxes
Parcel Number
22-005-100
Land Assessment
$480,000
Improvements Assessment
$890,700
Total Assessment
$1,370,700
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