665 Philadelphia St 56,820 SF 60% Leased Office Building Indiana, PA 15701 $3,490,000 ($61.42/SF) 8% Cap Rate

Landmark Downtown Indiana Investment Portfolio
Strategically positioned in the heart of downtown Indiana along the highly traveled Jimmy Stewart Boulevard corridor, this exceptional three-property portfolio represents one of the region's premier commercial investment opportunities. Offering more than 69,000 square feet of retail, office, and professional business space, the portfolio occupies a highly visible location within Indiana's thriving commercial district and provides significant potential for income generation, appreciation, and future redevelopment.
The centerpiece of the portfolio is the iconic Atrium Complex, a 45,372-square-foot, three-story retail and business center distinguished by its impressive glass solarium roof, which fills the interior with natural light year-round. This landmark property features wide interior walkways, glass-front storefronts, and excellent tenant visibility throughout the building. Designed to accommodate a diverse mix of retail, restaurant, entertainment, and service-oriented businesses, the Atrium offers multiple levels of leasable space that encourage pedestrian traffic and customer engagement. Its unique architectural design and longstanding presence have made it one of downtown Indiana's most recognizable commercial destinations.
Directly connected to the Atrium is Townplace Victoria, offering approximately 12,000 square feet of executive office space in a highly desirable downtown setting. The property includes executive suites, private offices, conference and board rooms, reception areas, and flexible workspace configurations suitable for a variety of professional users. A private elevator serves the building, while secured access to the Atrium's third floor creates seamless connectivity between the properties. Townplace Victoria is well suited for law firms, financial institutions, medical professionals, technology companies, and corporate offices seeking a prestigious business address.
Completing the portfolio is the Boro Hall Office Complex, a historic and architecturally significant downtown property encompassing approximately 12,600 square feet across three floors. Combining classic character with modern functionality, the building has been thoughtfully renovated and meticulously maintained. Features include updated mechanical systems, spacious private offices, meeting rooms, and professional common areas that support a wide range of office and administrative uses. The property offers tenants a distinctive business environment while preserving the charm and appeal of Indiana's historic downtown district.
Collectively, these properties benefit from exceptional downtown exposure, strong pedestrian and vehicle traffic counts, and proximity to restaurants, financial institutions, government offices, local businesses, and Indiana University of Pennsylvania. The portfolio's central location within one of Western Pennsylvania's most established commercial markets enhances its long-term investment appeal and tenant demand.
Investment highlights include:
• Over 69,000 SF of combined commercial space
• Three prominent downtown properties offered as a portfolio
• Diverse mix of retail, office, and professional uses
• Landmark architectural presence and strong community recognition
• Prime location along Jimmy Stewart Boulevard
• Connectivity between the Atrium Complex and Townplace Victoria
• Historic character combined with modern improvements
• Potential for stable cash flow, value-add opportunities, and redevelopment
• Proximity to major employers, government services, and Indiana University of Pennsylvania
Whether maintained as a mixed-use investment portfolio or repositioned for future growth, these landmark properties offer exceptional visibility, architectural distinction, and long-term value in the center of Indiana's business community.
Co-Broker Compensation: Seller will pay a 2.5% commission to the procuring broker upon successful closing.
Total Building Area: ±69,972 SF
Properties Included: Atrium Complex, Townplace Victoria, and Boro Hall Office Complex
Location: Downtown Indiana, Pennsylvania
Investment Type: Mixed-Use Retail and Office Portfolio