2111 University DrAuburn, AL 36830

Property Details for 2111 University Dr

Year built

1999

Construction

CONCRETE BLOCKS

Lot size

7.61 AC

Property size (Sq ft)

72,359 SF

Property type

Commercial real estate

APN

09-05-21-2-000-001-006

APU

905212000001006

Description

This exceptional 84,000 square foot commercial property, situated on a 7.66-acre lot in Auburn, Alabama, presents a significant investment opportunity. Built in 1999 and renovated in 2014, the two-story building features a large floor plate of approximately 72,000 square feet, complemented by a 12,000 square foot mezzanine. The property boasts a prime location along a major commercial corridor between Auburn and Opelika, benefiting from high visibility and approximately 23,000 vehicles passing daily. Its strategic placement near Auburn Mall, Auburn University, and East Alabama Medical Center (EAMC) ensures strong tenant demand. The CRD-S zoning permits a wide range of commercial uses, making it suitable for redevelopment into various configurations, including junior boxes. The property includes approximately 490 parking spaces and features a dedicated left-hand turn lane and traffic signal for convenient access. Offered at $7,950,000, this fee-simple ownership opportunity is ideal for owner-users seeking a substantial presence in a thriving market. The property's size, location, and zoning flexibility make it an attractive investment with significant potential for future growth and return. The occupancy date is February 1, 2025. The APN is 0905212000001006.

• CAP approach

  CAP return

  Valuation

  6%

  $10,430,800

  6.5%

  $9,628,410

  7%

  $8,940,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,114,300

  Geo Method

  $14,114,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,243,600

  Retail / Commercial

  $10,128,800

  Mixed-Use / Specialty

  $9,894,050

  Hospitality / Lodging

  $7,000,380

  Office

  $9,628,410

  Institutional / Educational

  $10,214,800

  Residential Income

  $11,951,400

  Multifamily

  $15,434,800

  Automotive / Energy

  $8,755,580

  Parking / Income-Based Land

  $3,217,660

  Restaurant / Food Service

  $4,722,120

  Healthcare / Senior Housing

  $10,349,800

Location Insight

City

Auburn

County

Lee

State

Alabama

Latitude

32.6273

Longitude

-85.4519

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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