Auburn, Alabama, is a historic college town known for its strong educational institutions and diverse economy, making it an attractive location for investing in commercial real estate. With a range of property types available, including office buildings, retail spaces, and industrial facilities, commercial real estate in Auburn offers a variety of investment opportunities. Auburn University, a prominent public land-grant and sea and space grant university, is a major employer and economic driver in the city, contributing to the demand for commercial properties. The city's amenities, such as the Jule Collins Smith Museum of Fine Art, the Telfair Peet Theatre, and Chewacla State Park, also make it an attractive location for businesses and residents alike. Additionally, Auburn's location near major highways and its proximity to several regional airports make it an ideal location for companies looking to establish a presence in the southeastern United States. With its strong economy, diverse amenities, and convenient location, Auburn is a great place for business and travel, attracting visitors and residents who come to enjoy the city's charm and attractions, such as the Auburn University football games at Jordan-Hare Stadium.
Currently, there are 32 commercial real estate listings available in Auburn, offering a range of investment opportunities. The average price per square foot for commercial real estate in Auburn is $450 USD, with an average property size of 26,918 square feet. The largest property available is 108,207 square feet. In addition to commercial real estate, Auburn also offers a range of other property types, including industrial properties, such as the Briggs & Stratton and Pharmavite facilities, which provide industrial jobs and contribute to the city's economy. Apartment buildings, such as those near Auburn University, offer a range of housing options for students and residents. Office properties, such as those in the downtown area, provide space for businesses and professionals. Hotels, such as those near the Auburn University Regional Airport, cater to visitors and travelers. With its diverse range of property types and strong economy, Auburn is an attractive location for investors and businesses looking to establish a presence in the southeastern United States.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Auburn, Alabama, there are several alternatives to consider, including:
- Traditional bank loans, which typically offer competitive interest rates and flexible repayment terms;
- Commercial mortgage-backed securities (CMBS) loans, which provide access to a larger pool of capital and can offer more favorable terms;
- Private money lenders, which can offer more flexible terms and faster approval processes, but often at a higher cost.
It's essential to carefully evaluate each option and consider factors such as interest rates, loan terms, and fees to determine the best fit for your commercial real estate investment in Auburn.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Auburn, Alabama, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.75%, investors can gauge the property's income-generating potential and make informed decisions about their investment.
For those new to commercial real estate, understanding what is a cap rate is essential. As explained in our article at what is a cap rate, it represents the rate of return based on the property's net operating income and market value. In Auburn, where there are 32 available listings of commercial real estate, a thorough understanding of cap rates can help investors navigate the local market and find opportunities that align with their investment goals.
What is considered a commercial property?
In Auburn, Alabama, a commercial property refers to a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which are available for sale or lease, with 32 listings currently on the market.
These properties can range in size from 26,918 square feet to 108,207 square feet, with an average price per square foot of $450 USD and an average cap rate of 5.75%, offering a variety of opportunities for investors and business owners in Auburn.
