Auburn Commercial Investment
For Sale
$850,000
246 LAKE Street, Auburn, AL 36832
Commercial/Industrial, AUBURN, AL
Property Size1,364 SF
Lot Size0.67 Acres
Price / SF$623.17
Days on Market223
Property Features for 246 LAKE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Auburn
Standard status
Active
Size
1,364 SF
Lot size
0.67 Acres
Building Details
Year built
1955
Listing Agency:
THE PRIME REAL ESTATE GROUP
Listed By:
BRITTANY REGISTER
(334) 454-4663
Added: Mar 26
Changed: Oct 20
Last Checked: Nov 3 at 11:06PM
MLS# 179435
Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located in a rapidly developing area of Auburn, the property at 246 Lake Street presents an investment opportunity. Zoned CDD (Corridor Development District), the designation allows for a wide range of uses including office, retail, service-based businesses, and select light commercial applications. Situated on a 0.67-acre lot, the property includes a 1,364 square foot home, built around 1955, that offers immediate rental or use potential while allowing for future redevelopment or repositioning. The location is just minutes from Auburn University, downtown Auburn, I-85, and major thoroughfares, benefiting from student-driven demand and proximity to expanding business activity. The property is ideal for investors or users seeking a value-add opportunity in a transitioning, high-demand corridor and is surrounded by newly constructed commercial and industrial buildings.
Key Highlights
- Prime infill location in rapidly developing Auburn.
- Zoned CDD allowing for a wide range of uses.
- Strategic location minutes from Auburn University and I‑85.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
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Business Placement
Demographics for 36832, AL
29,349
Population
14,136
Households
2.1
Avg Household Size
26
Median Age
50%
College-Educated
95%
High-School Grad
68.1 sq mi
ZIP Area
431
Density / Sq Mi
$34,957
Median Household Income
$23,874
Median Earnings
$1,018
Median Rent
$222,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime commercial land in high-growth Auburn corridor, zoned CDD.
Where is this commercial land located?
The property is located at 246 LAKE Street Auburn, AL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime infill location in rapidly developing Auburn.; Zoned CDD allowing for a wide range of uses.; Strategic location minutes from Auburn University and I‑85.
