208 4Th St Lafayette, IN 47901

Property Details for 208 4Th St

Year built

1950

Construction

WOOD

Lot size

0.19 lot acres

Property size

6,912 SF

Property type

Commercial real estate

APN

79-07-29-203-007.000-004

APU

790729203007000004

Description

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.

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Longitude

-86.8934

Latitude

40.4152

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments