3457 Bethel DrWest Lafayette, IN 47906

Property Details for 3457 Bethel Dr

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

1.53 AC

Property size (Sq ft)

15,471 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

79-06-02-329-001.000-029

APU

790602329001000029

Description

This exceptional retail property, located at 3457 Bethel Drive in West Lafayette, Indiana, 47906, offers a fantastic opportunity for business owners. The 1,050 square foot space is part of a thriving shopping center in Tippecanoe County, boasting a diverse mix of tenants including an Asian market, Monical's Pizza, a nail salon, a Korean restaurant, and a Mexican restaurant. Its convenient location off Sagamore Parkway and US 231 ensures high visibility and accessibility. The property benefits from its proximity to Klondike School and other shopping amenities, guaranteeing a steady stream of potential customers. The space is currently configured as a fully operational salon, complete with existing equipment, and includes a washer and dryer, leased with the property. The entire shopping center encompasses 15,471 square feet and is a single-tenant building. This turnkey solution presents a unique chance to establish or expand a business in a bustling West Lafayette commercial area. The property is classified as retail and land, offering significant potential for growth and return on investment. This is a single-tenant occupancy property. The property's prime location and existing infrastructure make it an ideal investment for discerning entrepreneurs. This is a rare opportunity to acquire a well-established retail space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,308,750

  6.5%

  $6,746,538

  7%

  $6,264,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,078,046

  Geo Method

  $5,078,046

• Alternative Use

  Use

  Valuation

  Residential

  $5,690,958

  Hospitality

  $5,212,886

  Educational

  $4,337,060

  Medical

  $4,486,218

  Retail

  $6,746,538

Location Insight

City

West Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4669

Longitude

-86.9546

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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