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400 Ferry St - OPPORTUNITY ZONE DEVELOPMENT SITE

0.36 Acres of Commercial Land Offered at £354,714 in Lafayette, IN 47901

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Investment Highlights

Excellent redevelopment potential within an Opportunity Zone
Close to entertainment, shopping, services, and employers
Strong housing market

Possibility to receive TIF
Less than 2 miles from Purdue University
For more information email Jim Pitoukkas at jpitoukkas@shook.com

Executive Summary

The property offering consists of a surface parking lot of approximately 0.364 acres zoned Central Business in downtown Lafayette, IN in Tippecanoe County. The offering is a fantastic redevelopment opportunity! It is located within an Opportunity Zone in an area which continues to rapidly re-develop with significant new investment entering the market. The intent of the Central Business zone is to provide core business areas in the central parts of the City of Lafayette for retailing, services, government and professional offices, cultural, recreational and entertainment establishments, housing, commercial lodging, and transportation facilities. Maximum coverage of 100% is permitted by right, and building height is capped at 100’ (subject to some exceptions).

FLYER - 400 FERRY STREET

Property Facts

Price	£354,714	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Development Sale	Total Lot Size	0.36 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£354,714
Sale Type	Investment
Sale Conditions	Development Sale
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	0.36 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£354,714	Lot Size	0.36 AC
Price Per AC	£974,490

Price	£354,714
Price Per AC	£974,490
Lot Size	0.36 AC

Surface parking lot of ~0.364 AC zoned Central Business. Maximum coverage of 100% is permitted by right, and building height is capped at 100' (subject to some exceptions). Located within an Opportunity Zone.

Description

The subject property is located in an area which is bustling with new housing, restaurants, and businesses alike. The Wall Street Journal and Realtor.com recently named Tippecanoe County America’s #1 Emerging Housing Market. The lot is located one block from historic Main Street, and the many businesses and occupants which line it. The site is also a pleasant stroll across the pedestrian bridge (over the Wabash River) into West Lafayette, the home of Purdue University. Many other successful redevelopment projects are within blocks of the subject property.

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Walk Score ®

Very Walkable (88)

Bike Score ®

Very Bikeable (71)

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PROPERTY TAXES

Parcel Number	79-07-20-461-001.000-004	Improvements Assessment	£8,916
Land Assessment	£178,393	Total Assessment	£187,309

PROPERTY TAXES

Parcel Number

79-07-20-461-001.000-004

Land Assessment

£178,393

Improvements Assessment

£8,916

Total Assessment

£187,309

zoning

Zoning Code	CB (Central Business)
CB (Central Business)

Listing ID: 31599320
Date on Market: 24/04/2024
Last Updated:
Address: 400 Ferry St, Lafayette, IN 47901

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