472 Dean Rd Auburn, AL 36830
- Office Properties & Spaces
- 2,220 SF
- 1.42 lot acres
Current Use by Public Records
- Andrew Shaw, @Home with Prestige Properties / Real Estate Agent
- Auburn Corrective Massage Therapy / Massage Therapist / Sports Massage Therapist
- Community Rehab and Performance / Physical Therapist
- Porter Properties LLC / Furnished Apartment Building / Apartment Rental Agency
- Carole Harrison, Realtor, Porter Properties / Real Estate Agency
Property Details for 472 Dean Rd
- Year built
- 1999
- Lot size
- 1.42 lot acres
- Property size
- 2,220 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 2,220 square foot Class B office condominium, located at 472 N Dean Rd, Auburn, AL 36830, presents a compelling investment opportunity. Situated on a 1.42-acre lot within Lee County's Comprehensive Development District (CDD), this two-story building, constructed in 1999 and extensively renovated between 2021 and 2023, boasts a strong history of high occupancy. Unit 205, currently divided into two spaces (approximately 960 and 1,260 square feet), offers flexibility. One space is leased until January 31, 2026, providing immediate income. The unit can easily be converted into a single, contiguous space to suit a variety of needs. Conveniently located near the intersection of N. Dean and Opelika Roads in central Auburn, this property features an elevator for easy access to the second-floor unit. The property's strong financial performance is reflected in its pro-forma NOI of $26,400 and a 7.33% pro-forma cap rate. The asking price is $360,000. APN: 43-09-04-20-4-002-029.000 205. This is a rare opportunity to acquire a well-maintained, income-producing office condo in a prime Auburn location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Lee
- State
- Alabama
- Longitude
- -85.4645
- Latitude
- 32.6156
