2413 Sagamore PkwyLafayette, IN 47905

Property Details for 2413 Sagamore Pkwy

Year built

1999

Construction

TYPE NOT SPECIFIED

Property size (Sq ft)

6,820 SF

Property type

Turn key restaurants

APN

79-07-34-157-153.300-005

APU

790734157153300005

Description

This exceptional 6,762-square-foot retail space, formerly occupied by O'Charley's, presents a unique opportunity for a discerning tenant in Lafayette, Indiana. Located in Tippecanoe County, this single-tenant property offers a completely vacant space ready for immediate occupancy and customization. The building's substantial size provides ample room for a wide variety of retail concepts, allowing for flexible layout and design to suit specific business needs. The property's previous use as a well-established restaurant suggests strong potential for similar ventures or businesses requiring a large, open floor plan. Its prominent location within Tippecanoe County offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This turnkey opportunity eliminates the need for extensive renovations, allowing for a swift and efficient transition into operations. The absence of existing tenants ensures complete control over the space's design and functionality, enabling a seamless integration of the tenant's brand and operations. This property is ideally suited for businesses seeking a substantial, well-located space with immediate availability. The significant square footage provides ample room for inventory, display, and customer service areas, catering to a wide range of retail businesses. The property's single-tenant status offers a unique opportunity for a business seeking exclusive control and customization of its retail space. Serious inquiries are encouraged to explore this prime retail opportunity further. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,221,878

  6.5%

  $2,974,041

  7%

  $2,761,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,238,528

  Geo Method

  $2,238,528

• Alternative Use

  Use

  Valuation

  Residential

  $2,508,715

  Hospitality

  $2,297,970

  Educational

  $1,911,884

  Medical

  $1,977,636

  Retail

  $2,974,041

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.3922

Longitude

-86.8503

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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