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2328 S College St
Auburn, AL 36832

$9,500,000 USD

General Retail For Sale  •  19,350 SF

Property Details

  • Property Type General Retail
  • Total Building Size 19,350 SF
  • Lot Size 2.7 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 2.63 %
  • Tenancy Multiple
  • Zoning CDD
0 Transit Score
32 Walk Score

Description

The Village at Parkerson Mill, built in 2000, has been kept leased and well maintained by the current owners.  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 41.0 acres. Cap Rate includes vacant land, income.  Cap without land is 4.5%

Highlights

Retail Center and Office Duplex Properties - 100% Leased
41 +/- Acres Additional Land
Interstate Location with great access
Cap Rate: 2.63 %
Lee Alice Johnson 334-501-2112 JL Real Estate Group
Lee Alice Johnson 334-501-2112 JL Real Estate Group