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4901-4915 N Pennsylvania St
Indianapolis, IN 46205
Retail Property For Sale
Investment Highlights
- Positioned at the highly visible and accessible corner location with strong traffic flow and close proximity to key residential neighborhoods
- Featuring a 5.87-year WALT, the center is home to a diverse array of tenants spanning the hospitality and retail service industries
- The surrounding Meridian-Kessler area is one of the most affluent in the Indianapolis MSA, boasting a median household income of $135,759
- 100% leased to five tenants, with current rents just over 13% below today’s market rates, offering significant upside potential for investors
- The existing tenant base has been at the property for an average of nearly 15 years
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
1967
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.82 AC
Zoning
C-3
Parking
45 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 49-06-12-229-030.000-801 | Improvements Assessment | $633,000 |
| Land Assessment | $199,300 | Total Assessment | $832,300 |
Property Taxes
Parcel Number
49-06-12-229-030.000-801
Land Assessment
$199,300
Improvements Assessment
$633,000
Total Assessment
$832,300
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