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2328 S College St

Auburn, AL 36832

$12,205,135

General Retail For Sale  •  19,350 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 19,350 Sq Ft
  • Lot Size 2.7 ac
  • Building Class C
  • Year Built 2000
  • Cap Rate 5.78 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
22 Walk Score

Description

The Village at Parkerson Mill, built in 2000, and the Parkerson Mill office Duplex, built in 1956 and restored 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 86.3 acres. Cap Rate includes vacant land, income.  Cap is 5.78%

Highlights

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

Property Flyers

Financial Summary

Cap Rate: 5.78 %
Lee Alice Johnson 334-826-1010 BHHS Commercial Real Estate
Lee Alice Johnson 334-826-1010 BHHS Commercial Real Estate