1652 Canal Rd Lafayette, IN 47904
- Self storage facilities
- 19,980 SF
- 1.85 lot acres
Current Use by Public Records
- Your Choice Storage / Self-Storage Facility / Moving And Storage Service
Property Details for 1652 Canal Rd
- Year built
- 1994
- Lot size
- 1.85 lot acres
- Property size
- 19,980 SF
- Property type
- Self storage facilities
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.8878
- Latitude
- 40.4344
