2200 Elmwood Ave - Storefront FOR SALE
Lafayette, IN 47904 |
2200 Elmwood Ave
Lafayette, IN 47904
HIGHLIGHTS
- • Attractive 8.50% CAP Rate and Low $82/S.F. Sales Price with Significant Upside Available (77% Occupancy) Through Lease-Up and Rent Growth
- • Huge Draw: 2.5 Miles to Purdue University: 40k+ Students and 15k+ Employees (Tenant: NeoVision’s Official Eyecare Provider for Purdue Athletics)
- • Growing Community with Average Household Incomes of $83k+ and High Population Density of Approx. 140k Within 5-Miles (Not Including Purdue Students)
- • In 2023, The Wall Street Journal and Realtor.com Have Ranked Greater Lafayette the No. 1 Emerging Housing Market in America Based
- • Directly Adjacent to Northend Community Center: $14 Million/97k S.F. Development Built in 2018, Huge Traffic Driver
- • Multiple Signalized Entrances & Corner Location Between 3 Main Roadways, Highly Visible Pylon & Monument Signage & Center Visibility w/ 7 Entrances
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Value-Add: 8.5% CAP Ctr.| Next Purdue Univ.
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Supermarket, Medical
TOTAL BUILDING SIZE
132398
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
189
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
79-07-21-226-004.000-004
