Jim Pitoukkas of Coldwell Banker Commercial Shook is proud to present this tremendous redevelopment opportunity in thriving Downtown Lafayette . The site offers the opportunity to redevelop a former bank branch on one of the most visible downtown corners . The half city block is the first right hand read signalized location for those traveling east from West Lafayette into Lafayette along South Street . South Street eventually turns into SR26E, the region’s most desired retail corridor and the busiest Interstate 6 5 interchange in the area . The subject property is an important redevelopment site for downtown Lafayette and is within an Opportunity Zone .
| Property Type | Land -Multi-Family Acreage |
|---|---|
| Year Built | 2002 |
| Listing ID | RDYMDM |
| MLS ID | S1440 |
| Style | Other Style |
| Lot Size | 0.81 AC |
Area Description: The subject property is in d owntown Lafayette and just moments from Purdue University . The area is vibrant and bustling with restaurants, bars, a beautifully restored historic Main Street which is home to many outdoor festivals , locally owned businesses , and many desirable housing options . Surrounding the subject property, one will find h ousing rental rates and occupancy rates amongst the highest in the MSA. To the northeast of the subject property is a planned $50,000,000 redevelopment of what is referred to as the John Purdue Block. Construction could start in 2024 . Other prominent and successful recent developments in downtown Lafayette include Nova Tower, The Press Apartments, Luna Apartments, Pullman Station, Ellsworth, and more .