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    OFF-MARKET
    Retail space

    402 Lanier Ave, Lanett, AL 36863-2020

    2,501 SF 0.4 ac lot Built 1993
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US03-2640899
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1993
    Total area 2,501 SF
    Lot 0.4 ac (17,596 SF)
    APN 12-10-07-25-1-001-043.000
    UPID US03-2640899
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mickey L Johnson · 1 yrs held
    Mickey L Johnson
    since 2025
    1 recorded transaction
    2025
    $107,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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