For Sale
$125,000

403 Jefferson StLafayette, IN 47905

Spacious warehouse, high NOI, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
118
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.

Highlights

  • $125,000 asking price for this vacant warehouse.
  • 2,400 square feet of usable space, plus 2,400 square feet of attic space.
  • Located at 403 Jefferson St, Lafayette, IN 47905, in Tippecanoe County.
  • I-3 zoning.
  • 10-foot ceiling height.
  • Built in 1979.

Property Details for 403 Jefferson St

Property type
Warehouses, Specialty properties
Square Feet
2,400 SF
Year Built
1979

Location Insight

City
Lafayette
County
Tippecanoe
State
Indiana
Latitude
40.405423
Longitude
-86.9011322
403 Jefferson St, Lafayette, Indiana

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403 Jefferson St
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