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N 50 W - Development land in Opportunity Zone 350 Acres of Commercial Land in West Lafayette, IN 47906

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INVESTMENT HIGHLIGHTS

  • Opportunity Zone
  • Served by Utilities
  • Excellent schools
  • Qualified Census Tract
  • Rapidly growing, affluent area
  • In path of major road extension

EXECUTIVE SUMMARY

The subject property consists of ~350 acres within an OPPORTUNITY ZONE in West Lafayette. The land is served by public utilities. Lafayette/West Lafayette has been recognized nationally as the 2023 Top Emerging Housing Market. It was also named America's Hottest Rental Market at the start of 2023. Please see the attached housing report which was recently completed the READI Region. This sites presents a generational real estate development opportunity!

PROPERTY FACTS Under Contract

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Master Planned Community
Total Lot Size 350.00 AC
Opportunity Zone Yes
Zoning RI and R2 - Residential

1 LOT AVAILABLE

Lot

Lot Size 350.00 AC

Approximately 350 acres comprised of multiple parcels in the area of N 500 W and W 50 N in West Lafayette. The land has been master planned for various land uses and can be sold off as smaller tracts. See Offering Memorandum for more information.

DESCRIPTION

The offering consists of +/- 350 acres of transitional farm land in one of Tippecanoe County’s fastest growing submarkets. The land is divisible and is served by utilities. The subject property is in rapidly growing northern Tippecanoe County, it provides a generational development opportunity. The land lies less than two miles from shopping, Interstate 65, and three miles from Purdue University. Within one mile of the subject you find excellent schools, the new $32,000,000+ West Lafayette Wellness Center, an excellent trail system, and major employers in the Purdue Research Park. The immediate area is also home to some of the best selling new residential developments in the area, many of which are shown in the map to the left. Over 1,500 lots are in various stages of development in the vicinity.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 79-03-31-326-002.000-023
  • 79-02-36-200-012.000-023
  • 79-02-36-200-006.000-023
  • 79-02-36-200-007.000-023
  • 79-03-31-300-001.000-023
  • 79-02-36-200-013.000-023
  • 79-02-36-100-005.000-023
  • 79-03-31-151-001.000-023
  • 79-02-36-100-001.000-023
Land Assessment
$1,201,180 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,201,180 CAD
  • Listing ID: 25265295

  • Date on Market: 2022-03-16

  • Last Updated:

  • Address: N 50 W, West Lafayette, IN 47906

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