1652 Canal Rd Lafayette, IN 47904

This exceptional self-storage facility presents a compelling value-add investment opportunity in Lafayette, Indiana. Located at 1652 Canal Road, this property boasts a total of 19,980 square feet spread across five single-story buildings situated on a 1.85-acre lot. Built in phases (1994 and 2013), the facility currently enjoys a 60% occupancy rate, offering significant potential for revenue growth through increased occupancy and rate adjustments. The asking price is $1,250,000, translating to a price per square foot of $62.56. Its strategic location offers convenient access to downtown Lafayette and is situated directly across the bridge from Purdue University, ensuring a strong and consistent demand for storage units. The seller is open to considering seller financing, making this an even more attractive proposition for qualified investors. This property represents a rare chance to acquire a well-positioned self-storage asset with substantial upside potential in a thriving Indiana market. The property's size and existing infrastructure provide a solid foundation for future expansion or operational improvements, further enhancing its long-term value. This is an ideal opportunity for investors seeking a stable, cash-flowing asset with significant growth prospects.