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Concord Rd & Veteran's Memorial Parkway - Concord East

59.36 Acres of Commercial Land Offered at $7,567,762 in Lafayette, IN 47909

Investment Highlights

  • The property offering is served by all utilities.
  • Lot Size: 59.36 (±) acres
  • 15,116 cars per day Concord Rd. 0.20 mi. south of Brady Ln.

Executive Summary

The property offering lies at the southeast corner of the intersection of Veterans Memorial Parkway & Concord Road. Veterans Memorial Parkway is a limited access bypass unifying the northern and southern sections of rapidly growing Tippecanoe County. Concord Road is a well-traveled north south sub-arterial road. To the west of the site lies a mix of heavier commercial, anchored by a Walmart Supercenter. Walmart is surrounded by numerous national retailers. Further west and south the area transitions to lighter commercial and residential uses. To the north and east the areas are primarily commercial and industrial in nature. Significant employers including Subaru, Nanshan, Wabash National, and GE Aviation are within close proximity.
The property offering is served by all utilities. The graphic below labels the approximate location of all utilities. The land south of the Kirkpatrick Drainage Ditch is served by the 15 diameter Kirkpatrick Ditch trunk line. This sewer line was installed to serve the shovel ready industrial ground east of this location. As such capacity at this time is somewhat restricted. There is a yellow arrow in the lower part of the map showing the location of this sewer. The land on the north side of the ditch is served by an 18" diameter sewer located in the southeast quadrant of the VMP/Concord intersection. No flow restrictions impact this line. There is ample water supply available to land on both sides of the ditch. To the storm sewer on the photo. Along Veterans Memorial Parkway there is access to a 24" water line.
The land is impacted by two separate Cost Recovery Service Areas, with the Kirkpatrick Ditch serving as the boundary between the northern and southern sides of the property offering. See Offering Memorandum for more details.

Property Facts

Price $7,567,762
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
Total Lot Size 59.36 AC

1 Lot Available

Lot

Price $7,567,762
Price Per AC $127,489
Lot Size 59.36 AC

Acreage: 59.355 +/- Price: $127,500/AC Sellers reserve the right to price a portion of the remaining land on a "case by case" basis.

Description

Concord East is a proposed commercial development at the southeast corner of Veterans Memorial Parkway and Concord Road in a growing part of the Lafayette, Indiana MSA. The area has undergone dramatic change over the last decade due to the construction of Veterans Memorial Parkway and an expanding employer base of both regional and global manufacturing organizations. A low cost of living, quality jobs, low crime, good schools, and an easy workplace commute make the area desirable to both long time Lafayette natives and those looking to relocate to the community. The project, being shadow anchored by Walmart Supercenter and bordered by substantial new residential development to the south, is poised for success. To the west and northwest of the Pavilions South one can find established local businesses as well as nationally known brands such as Pizza Hut, Arby’s, Walmart, Verizon, Kentucky Fried Chicken, and many more. Pavilions South, lying at one of the most dominant area intersections, presents the opportunity to capitalize on one of the last remaining tracts feasible for retail development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 79-11-11-300-002.000-031
  • 79-11-10-400-001.000-031
  • 79-11-10-400-011.000-031
Land Assessment
$185,100
Improvements Assessment
$0
Total Assessment
$185,100

zoning

Zoning Code GB
GB
  • Listing ID: 9308487

  • Date on Market: 9/25/2017

  • Last Updated:

  • Address: Concord Rd & Veteran's Memorial Parkway, Lafayette, IN 47909

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