1652 Canal RdLafayette, IN 47904

Property Details for 1652 Canal Rd

Year built

1994

Lot size

1.85 AC

Property size (Sq ft)

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.

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4344

Longitude

-86.8878

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