For Sale
$1,675,000

1908 Opelika RdAuburn, AL 36830

High-yield, multi-tenant property in Auburn, AL.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity in Auburn, Alabama, presents a unique blend of commercial and residential income streams. Located on Opelika Road and Duke Circle, the property encompasses approximately 3.97 acres and features a diverse portfolio of ten buildings, including one commercial building on Opelika Road, one flex warehouse situated just off Opelika Road, and eight residential rental units (a mix of duplexes and triplexes) totaling fourteen rental units. Currently, the property boasts two commercial tenants and a few vacant residential units, presenting immediate potential for increased rental income. The existing rental units are below market rates, offering significant upside for a savvy investor. The property benefits from a high daily traffic count of approximately 23,700 vehicles per day on Opelika Road, ensuring excellent visibility and accessibility. The property is zoned CRD-S and is conveniently located within the Auburn school districts, offering a desirable location for both commercial and residential tenants. The site also features a private dead-end street, enhancing the overall appeal and security. The asking price is $1,675,000, representing a compelling investment opportunity in a thriving market. This fee-simple ownership offers significant potential for long-term growth and profitability. Built in 1950, the property is classified as Class C.

Highlights

  • 3.97-acre lot size.
  • Two commercial tenants and a vacant flex warehouse; fourteen residential rental units (partially vacant).
  • High daily traffic count of approximately 23,700 vehicles on Opelika Road.
  • Property includes one commercial building on Opelika Road, one flex warehouse, and eight residential buildings (duplexes and triplexes).
  • Below-market rental rates offer significant upside potential.
  • Located in Auburn school districts with a private dead-end street.

Property Details for 1908 Opelika Rd

Property type
Mixed-use properties, Flex space
Class
C
Year Built
195
Buildings
10
Stories
1
Lot Size (sq. ft)
172,933 SF

Location Insight

City
Auburn
County
Lee
State
Alabama
Latitude
32.627494256114
Longitude
-85.440954618937
1908 Opelika Rd, Auburn, Alabama

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1908 Opelika Rd
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