2328 S College St - Retail FOR SALE


Auburn, AL 36832
$9,500,000 USD
334-703-7169
2328 S College St, Auburn, AL for Sale
$9,500,000 USD
Retail - FOR SALE
1/19
null | 2.63% Cap Rate

2328 S College St
Auburn, AL 36832


HIGHLIGHTS

  • Retail Center and Office Duplex Properties - 100% Leased
  • 41 +/- Acres Additional Land
  • Interstate Location with great access

OVERVIEW

Income Producing Property - The Village at Parkerson Mill, built in 2000, the McDonalds Ground Lease, has been kept leased and well maintained by the current owners, and with additional acreage. The property is currently 100% leased. Interstate Location - Parkerson Mill is located at the busiest Interstate interchange in Auburn - the primary exit to Auburn University and Downtown Auburn. Expansion Opportunity - Additional acreage is available to expand, with excellent Interstate frontage and visability. The additional property is approximately 41 acres. Cap Rate includes vacant land. Cap on income property is 4.5%. S College Street at the Exit 51 Interchange of Interstate 85, Auburn, Alabama. Property fronts S College, with over 2000' of frontage on Interstate 85.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

2.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkerson Mill

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

CDD

APN/PARCEL ID

19-01-12-0-000-181.000

ASK ABOUT THIS PROPERTY

Lee Alice JohnsonJL Real Estate GroupMore Info
334-703-7169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lee Alice JohnsonJL Real Estate GroupMore Info
334-703-7169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.