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    402 Lanier Ave Lanett, AL 36863

    For Sale
    $125,000

    Dry cleaner, high-traffic corner lot, great potential.

    Property size:
    2,501 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, situated at 402 N Lanier Avenue in Lanett, Alabama, presents a unique investment opportunity. Spanning 2,501 square feet on a 0.55-acre lot, this building is currently operating as a dry cleaner, showcasing its suitability for various service-oriented businesses. Its prime corner location ensures high visibility and accessibility, further enhanced by a convenient drive-through feature and ample private paved parking. The property boasts a practical drive-in door at the rear, providing easy access for loading and unloading of goods and equipment. The interior features a durable 4-inch concrete slab floor, ideal for supporting heavy machinery or storage needs. The existing infrastructure makes this property immediately ready for occupancy, minimizing upfront investment costs for prospective buyers. The building's versatile layout and strategic location make it an attractive option for a wide range of businesses requiring storage space and convenient customer access. This is a rare opportunity to acquire a well-established commercial property in a thriving area. The asking price is $125,000.

    Property Features for 402 Lanier Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,501 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1993
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lanett
    County
    Chambers (AL)
    State
    Alabama
    Longitude
    -85.18867
    Latitude
    32.8702

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    FAQs

    What type of property is this?
    Commercial real estate - Dry cleaner, high-traffic corner lot, great potential.
    Where is this commercial real estate located?
    The property is located at 402 Lanier Ave Lanett, AL.
    What is the asking price?
    The asking price for this property is $125,000.
    (888) 959-9461
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    402 Lanier Ave 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
    402 Lanier Ave Lanett, AL 36863
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