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    2013 Veterans Mem. Pkwy Lanett, AL 36863

    For Sale
    $300,000

    High-traffic location, established business, 3 acres

    Property size:
    2,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3-acre commercial property in Lanett, Alabama, presents a significant investment opportunity. Boasting approximately 2,800 square feet of building space, the property features two structures: a front building measuring roughly 40 x 30 feet and a rear building of approximately 40 x 38 feet. The rear building currently houses an established body shop and repair business operating under a month-to-month lease, generating recurring revenue. The property enjoys excellent visibility and accessibility, with approximately 200 feet of road frontage on Veterans Memorial Parkway (a four-lane road) and an additional 285 feet of frontage on Magnolia Road. Its strategic location offers easy access to I-85, placing it approximately 20 miles north of Auburn and 9 miles from the Kia West Point Assembly Plant. The mostly level lot has been cleared at the front, making it ideal for immediate development or expansion. The property benefits from the presence of all major utilities, including sewer (though not currently connected). Surrounding businesses include a beverage distribution center, warehouses, a towing company, auto parts stores, and a local gas company, creating a thriving commercial environment. The buyer is responsible for verifying all details pertinent to their needs. Further details are available upon request.

    Property Features for 2013 Veterans Mem. Pkwy

    General Information

    Property type
    Investment properties
    Square Feet
    2,800 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Lanett
    County
    Chambers (AL)
    State
    Alabama
    Longitude
    -85.2141
    Latitude
    32.84783

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    FAQs

    What type of property is this?
    Investment property - High-traffic location, established business, 3 acres
    Where is this investment property located?
    The property is located at 2013 Veterans Mem. Pkwy Lanett, AL.
    What is the asking price?
    The asking price for this property is $300,000.
    (770) 252-2266
    Request Owner's contact information
    2013 Veterans Mem. Pkwy Lanett, AL 36863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2013 Veterans Mem. Pkwy Lanett, AL 36863
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