4901-4915 N Pennsylvania St Local commercial 1 208 m² 100 % Loué À vendre Indianapolis, IN 46205

This fully leased neighborhood retail center is ideally positioned near the vibrant Meridian-Kessler and Broad Ripple neighborhoods, offering both dynamic urban amenities and suburban charm.
Situated on the corner of N Pennsylvania St and E 49th St, the center boasts excellent demographics with nearly 40,000 residents within a 3-mile radius and an average household income of $112,623. The area’s affluent population and strong economic foundation make this an attractive investment, with the potential to draw high-quality tenants and benefit from consistent demand in a desirable community.
With over 5.8 years of WALT and a diverse, high-performing tenant roster, the Property provides stability and growth potential. In addition, current in-place rents are 13.22% below market, offering investors the opportunity to increase value during upcoming lease renewals and capitalize on long-term appreciation in the high-demand Meridian-Kessler/Broad Ripple trade area. The tenant mix, featuring a fitness studio, dry cleaner, hair salon, and popular restaurants, serves as a strong draw for a wide range of consumers, positioning the Property as a destination retail center.