1499 S College St Auburn, AL 36832
Property summary
This thriving retail center, Lakeview Shopping Center, presents a compelling investment opportunity. The property boasts a total of 15,800 square feet across two single-story buildings, situated on a generous 1.8-acre lot. Built in 2015, the center currently features a mix of national tenants including Verizon Wireless, Palm Beach Tan, and Smoothie King. A significant portion of the space is currently available for lease, totaling 2,640 square feet. The property is zoned for commercial use and enjoys a highly visible location, approximately 1.5 miles from I-85, benefiting from an impressive average annual daily traffic count of approximately 31,680 vehicles. Its strategic proximity to Auburn University, one of the largest universities in the South with an enrollment of 28,290 students and 5,500 employees, provides a substantial and consistent customer base. This makes the center exceptionally well-suited for service-based retail businesses or specialty shops seeking a vibrant and established market. The available space presents a unique chance to capitalize on the strong demographics and high traffic volume of this rapidly growing area. Auburn is recognized as the fastest-growing metropolitan statistical area in Alabama, offering significant long-term growth potential. This property offers a blend of established tenancy and significant expansion potential.
Property profile
VerifiedCap rate & NOI
Current use
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Tanning Salon
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Restaurant
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Real Estate Agency
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Mobile Phone Store Electronics & Wireless Store
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Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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