403 Jefferson St Lafayette, IN 47905
- Distribution centers
- 2,400 SF
Current Use by Public Records
- Distribution centers
Property Details for 403 Jefferson St
- Year built
- 1979
- Property size
- 2,400 SF
- Property type
- Distribution centers
Description
This vacant, I-3 zoned warehouse at 403 Jefferson St, Lafayette, IN 47905, presents a compelling investment opportunity. The property boasts 2,400 square feet of usable space, complemented by an additional 2,400 square feet of usable attic space, ideal for various uses. Two large sliding doors facilitate easy equipment access. Existing gas and electric utilities are in place. The building features a 10-foot ceiling height and was constructed in 1979. Its strategic location offers convenient access to downtown Lafayette (less than one mile) and the city's south and west sides, situated on a quiet street in Tippecanoe County. The property's pro-forma net operating income (NOI) is $12,150. Market rents for comparable spaces range from $6 to $8 per square foot per year, suggesting strong potential for rental income. Two small residential lots across the street are included. This property is well-suited for storage, business operations, or personal pursuits. The asking price is $125,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.9011322
- Latitude
- 40.405423
