402 Lanier Ave, Lanett, AL 36863-2020
This exceptional commercial property, situated at 402 N Lanier Avenue in Lanett, Alabama, presents a unique investment opportunity. Spanning 2,501 square feet on a 0.55-acre lot, this building is currently operating as a dry cleaner, showcasing its suitability for various service-oriented businesses. Its prime corner location ensures high visibility and accessibility, further enhanced by a convenient drive-through feature and ample private paved parking. The property boasts a practical drive-in door at the rear, providing easy access for loading and unloading of goods and equipment. The interior features a durable 4-inch concrete slab floor, ideal for supporting heavy machinery or storage needs. The existing infrastructure makes this property immediately ready for occupancy, minimizing upfront investment costs for prospective buyers. The building's versatile layout and strategic location make it an attractive option for a wide range of businesses requiring storage space and convenient customer access. This is a rare opportunity to acquire a well-established commercial property in a thriving area. The asking price is $125,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.