Persistent opening of the mitochondrial permeability transition pore (PTP), an inner membrane channel, leads to mitochondrial dysfunction and renders the PTP a therapeutic target for a host of life-threatening diseases. Herein, we report our effort toward identifying small-molecule inhibitors against this target through structure-activity-relationship optimization studies, which led to the identification of several potent analogs around the N-phenylbenzamide compound series identified by high-throughput screening. In particular, compound 4, (3-(benzyloxy)-5-chloro-N-(4-(piperidin-1-ylmethyl)phenyl)benzamide), displayed noteworthy inhibitory activity in the mitochondrial swelling assay (EC50 of 280 nM), poor to very good physicochemical as well as in vitro pharmacokinetic properties, and conferred very high calcium retention capacity to mitochondria. From the data, we believe compound 4 in this series represents a promising lead for the development of PTP inhibitors of pharmacological relevance.