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208 S 4th St 6,912 SF 100% Leased Retail Building Lafayette, IN 47901 $250,000 ($36.17/SF)
Investment Highlights
- High visibility site
- Across the street from new luxury townhomes
- Opportunity Zone
- Next door to a new luxury apartment community
Executive Summary
Jim Pitoukkas and Dustin Zufall of Shook Commercial Real Estate proudly present this tremendous redevelopment opportunity in thriving Downtown Lafayette. The site offers the opportunity to redevelop a former retail building in an area surrounded by successful redevelopment projects including Nova Tower and the 4th Street Townhomes. Furthermore, the city has converted South 4th Street from one way, in front of the subject property, to a two-way. Re-use the existing shell, or raise and build ground-up. Your options are limitless!
The subject property is located in downtown Lafayette, IN just moments from Purdue University. The area is vibrant and bustling with restaurants, bars, a beautifully restored historic Main Street which is home to many outdoor festivals and businesses, and many desirable housing options. Surrounding the subject property, one will find housing, rental rates, and occupancy rates among the highest in the MSA. Prominent and successful recent developments in downtown Lafayette include Nova Tower, The Press Apartments, PUllman Station, Ellsworth and more.
The subject property is located in downtown Lafayette, IN just moments from Purdue University. The area is vibrant and bustling with restaurants, bars, a beautifully restored historic Main Street which is home to many outdoor festivals and businesses, and many desirable housing options. Surrounding the subject property, one will find housing, rental rates, and occupancy rates among the highest in the MSA. Prominent and successful recent developments in downtown Lafayette include Nova Tower, The Press Apartments, PUllman Station, Ellsworth and more.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,912 SF
Building Class
C
Year Built
1950
Price
$250,000
Price Per SF
$36.17
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.84
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
CB - Central Business offers flexible zoning. Allowing both commercial and residential development.
Frontage
60’ on 4th
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-07-29-203-007.000-004 | Improvements Assessment | $88,800 |
| Land Assessment | $97,000 | Total Assessment | $185,800 |
Property Taxes
Parcel Number
79-07-29-203-007.000-004
Land Assessment
$97,000
Improvements Assessment
$88,800
Total Assessment
$185,800
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