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    2900 University Dr Auburn, AL 36830

    For Lease
    Contact for pricing

    Auburn retail center, high traffic, 2 spaces available.

    Lot size:
    63,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail shopping center, the Shops at Cary Creek, presents a prime opportunity for service-based retail or specialty businesses. Located at 2900 E University Dr in Auburn, Alabama, 36830, this Class C property boasts a total of 63,100 square feet on an 8.34-acre lot. Currently, there are 2,800 square feet of vacant space available, with a minimum divisible unit size of 1,400 square feet. The center enjoys a highly desirable location at the corner of N College St & E University Dr, benefiting from exceptional visibility and accessibility. Its proximity to Auburn University, one of the largest universities in the South, with an enrollment of 28,290 students and 5,500 employees, ensures a substantial and consistent customer base. Auburn's status as the fastest-growing MSA in Alabama further underscores the investment potential of this property. The high traffic counts of approximately 22,433 AADT on E University Dr provide significant exposure for businesses operating within the center. This is an ideal location for businesses seeking to capitalize on the vibrant and growing Auburn market. The property is categorized as a multi-tenant shopping center in Lee County.

    Property Features for 2900 University Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    63,100 SF
    Class
    C

    Unit(s) available at that property

    Space
    Suite 100
    Size
    1,400 SF
    Space
    Suite 120
    Size
    1,400 SF

    HighLights

    • Two retail spaces available in a low‑vacancy area.
    • Anchored by a high‑traffic Publix supermarket.
    • Less than 3 miles from downtown Auburn and Auburn University.
    • Corner lot at N College St & E University Dr.
    • Surrounded by new commercial and residential development.
    • Over 23,000 cars per day on E University Dr.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City National Bank ... Atm Publix Pharmacy at The Shoppes ... Pharmacy Western Union Money Transfer Service Redbox Movie Rental Kiosk Dr. Anthony Spina Optometrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.4799339
    Latitude
    32.6382604

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    FAQs

    What type of property is this?
    Retail property - Auburn retail center, high traffic, 2 spaces available.
    Where is this retail property located?
    The property is located at 2900 University Dr Auburn, AL.
    What are key features of this property?
    This property features: Two retail spaces available in a low-vacancy area.; Anchored by a high-traffic Publix supermarket.; Less than 3 miles from downtown Auburn and Auburn University.
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    2900 University Dr Auburn, AL 36830
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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
    2900 University Dr Auburn, AL 36830
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