Property profile

145 Magnolia Ave AA Auburn, AL 36830

OFF-MARKET
Investment properties
Property ID
US03-1628805
486 SF 0.41 ac lot Built 1987
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 145 E Magnolia Avenue Unit CC in Auburn, Alabama, presents a compelling investment opportunity at $1,450,000. The property is classified as industrial and offers significant advantages due to its included amenities. The listed price encompasses a comprehensive condominium owner's association (COA) dues structure, which covers a wide range of essential services and expenses. These dues notably include common area insurance, property taxes, trash removal, sewer services, elevator maintenance, and comprehensive common area maintenance and upkeep. This all-inclusive approach minimizes the operational burden for the owner, streamlining management and maximizing the return on investment. The property's precise square footage is not currently available. The lot size is zero acres, indicating the property is likely part of a larger complex. This turnkey solution is ideal for businesses seeking a hassle-free, well-maintained industrial space in a desirable Auburn location. The strategic location within Auburn offers excellent access to transportation networks and a thriving local economy, making it an attractive proposition for a variety of industrial uses. Further details regarding the specific layout and internal features of the unit are available upon request. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 486 SF
Lot 0.41 ac (17,812 SF)
APN 09-09-30-1-002-137-000A.A
UPID US03-1628805

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Real Estate Agency
  • Real Estate Agency
  • Restaurant
  • Church Mosque

Location

145 Magnolia Ave, Unit AA Auburn, AL 36830-4758
Auburn metro Census 40201 AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2008
1 recorded transaction
2008
$97,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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