472 Dean RdAuburn, AL 36830

Property Details for 472 Dean Rd

Year built

1999

Lot size

1.42 AC

Property size (Sq ft)

2,220 SF

Property type

Office properties

Description

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.

Location Insight

City

Auburn

County

Lee

State

Alabama

Latitude

32.6156

Longitude

-85.4645

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