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9 N Salisbury St - Premier Purdue Uni. Rare Redevelopment Corner 0.09 Acres of Commercial Land Offered at $2,400,000 in West Lafayette, IN 47906
Investment Highlights
- Prime Redevelopment asset opportunity on the most visible and highly traveled corner surrounded by student housing
- Site sees very significant pedestrian and vehicular traffic, businesses here would flourish!
- Major multifamily, student housing, and retail development surrounding property
- High demand location with strong future appreciation potential and excellent access to campus, downtown and transportation corridors
Executive Summary
Prime redevelopment opportunity on the most visible and busy corner near Purdue University campus. Existing building can be demolished to convert the land to highest and best use or utilized as an office. No lots are remaining in this area right at the heart of the best location on the campus itself!
Allows a broad range of commercial, mixed-use, residential, office, retail, hospitality and investment opportunities in West Lafayette's premier growth corridor
Property Facts
1 Lot Available
Lot
| Price | $2,400,000 | Lot Size | 0.09 AC |
| Price Per AC | $26,666,666.67 |
| Price | $2,400,000 |
| Price Per AC | $26,666,666.67 |
| Lot Size | 0.09 AC |
Prime Redevelopment asset. CBX/CBW zoning, allowing a broad range of business purposes including office at a high Visibility and Busy Corner for Investment opportunities. Access from Salisbury St. and State Street. West Lafayette, Indiana
Description
Redevelopment asset. CBW zoning allowing Commercial Uses. Only corner property on Purdue University, ideal for development into retail, office, housing, and small business purposes. Rare opportunity for high cash flow asset. Extremely high visibility and high traffic corner lot. Highly walkable and safe neighborhood. Currently used as single family student rental.
Property Taxes
| Parcel Number | 79-07-19-427-001.000-026 | Improvements Assessment | $282,400 |
| Land Assessment | $45,800 | Total Assessment | $328,200 |
Property Taxes
Presented by
Bhatia, Renu
9 N Salisbury St - Premier Purdue Uni. Rare Redevelopment Corner
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