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Property profile & analytics
OFF-MARKET
Land

2114 Lafayette Ave Terre Haute, IN 47805

1,273 SF 8.67 ac lot Built 1941
Property ID
US31-2010195
Property summary
AI-generated overview

This exceptional 8.67-acre property located at 2114 Lafayette Avenue in Terre Haute, Indiana, presents a unique investment opportunity. The existing structures, totaling 1,273 square feet, were built in 1941 and are currently suitable for multifamily use. However, the expansive lot size and versatile zoning offer significant potential for a variety of commercial developments. This prime location in Vigo County, zip code 47805, provides easy access to major transportation routes and essential amenities. The asking price is $399,000, making this a compelling proposition for investors seeking a high-return property with significant upside. The property's versatility allows for creative redevelopment, catering to a range of commercial ventures. Given its size and location, this property is well-suited for expansion or the construction of new commercial buildings. The existing structures could be renovated for multifamily housing or repurposed for other commercial uses. Serious inquiries are encouraged to explore the full potential of this remarkable property and its significant development opportunities. The property is situated at 39.5089812 latitude and -87.385705 longitude. This is a rare chance to acquire a substantial parcel of land in a desirable location with a proven track record for commercial success.

Property profile
Verified
Property type Land
Year built 1941
Total area 1,273 SF
Lot 8.67 ac (377,665 SF)
UPID US31-2010195
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Running With Scissors Hair Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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