For Sale
$360,000

472 Dean RdAuburn, AL 36830

2,220 SF Office Condo, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 2,220 square foot Class B office condominium, located at 472 N Dean Rd, Auburn, AL 36830, presents a compelling investment opportunity. Situated on a 1.42-acre lot within Lee County's Comprehensive Development District (CDD), this two-story building, constructed in 1999 and extensively renovated between 2021 and 2023, boasts a strong history of high occupancy. Unit 205, currently divided into two spaces (approximately 960 and 1,260 square feet), offers flexibility. One space is leased until January 31, 2026, providing immediate income. The unit can easily be converted into a single, contiguous space to suit a variety of needs. Conveniently located near the intersection of N. Dean and Opelika Roads in central Auburn, this property features an elevator for easy access to the second-floor unit. The property's strong financial performance is reflected in its pro-forma NOI of $26,400 and a 7.33% pro-forma cap rate. The asking price is $360,000. APN: 43-09-04-20-4-002-029.000 205. This is a rare opportunity to acquire a well-maintained, income-producing office condo in a prime Auburn location.

Highlights

  • High occupancy history.
  • Partially leased through January 31, 2026; details available upon request.
  • Excellent Auburn, AL location in the central business district.

Property Details for 472 Dean Rd

Property type
Office properties
Square Feet
2,220 SF
Class
B
Year Built/Renovated
1999/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
61,855 SF

Location Insight

City
Auburn
County
Lee
State
Alabama
Latitude
32.615566186983
Longitude
-85.464454077404
472 Dean Rd, Auburn, Alabama

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472 Dean Rd
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