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    208 4Th St Lafayette, IN 47901

    Sponsored
    For Sale
    $350,000

    High-visibility site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.191-acre lot, located at 208 South 4th Street in Lafayette, Indiana, presents a remarkable redevelopment opportunity in a thriving downtown area. Situated just moments from Purdue University, this property benefits from its proximity to a vibrant and bustling environment featuring numerous restaurants, bars, and a beautifully restored Main Street known for its outdoor festivals and businesses. The surrounding area boasts high rental rates and occupancy, reflecting a strong demand for housing. The site's high visibility is further enhanced by its location across the street from new luxury townhomes and next to a new luxury apartment community. Recent successful developments in the immediate vicinity include Nova Tower, The Press Apartments, Luna Apartments, and Pullman Station, underscoring the area's robust growth and appeal. The property is designated as an Opportunity Zone, offering potential tax advantages. The City of Lafayette is currently converting South 4th Street from one-way to two-way traffic, which is expected to significantly improve traffic flow and visibility for the property. This site offers the flexibility to either reuse the existing building shell or undertake a ground-up construction project, providing limitless possibilities for development. The asking price for this exceptional property is $350,000.

    Property Features for 208 4Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    8,320 SF

    HighLights

    • $350,000 asking price.
    • Multifamily land opportunity in downtown Lafayette, IN.
    • 0.191‑acre lot located near Purdue University.
    • High visibility site in a vibrant, high‑demand rental area.
    • Opportunity Zone designation.
    • Adjacent to new luxury townhomes and apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8934191
    Latitude
    40.4151906

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    FAQs

    What type of property is this?
    Multifamily property - High-visibility site, prime location.
    Where is this multifamily property located?
    The property is located at 208 4Th St Lafayette, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; Multifamily land opportunity in downtown Lafayette, IN.; 0.191-acre lot located near Purdue University.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    208 4Th St Lafayette, IN 47901
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