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Property profile & analytics
OFF-MARKET
Office buildings

513 Lanier Ave Lanett, AL 36863-2082

1,292 SF Built 1977
Individually Owned Absentee Owner Free & Clear
Property ID
US03-2672767
Property summary
AI-generated overview

This exceptional commercial property, located at 513 N Lanier Avenue in Lanett, Alabama, presents a unique investment opportunity. The 1,292 square foot building sits on a 0.45-acre lot and is ideally suited for a variety of uses. Currently configured as a duplex office building, it features four individual offices, two storage areas, and two bathrooms. This layout allows for the owner to occupy one side while generating additional income by leasing the other. The property's prime downtown Lanett location offers unparalleled convenience and accessibility to local amenities and businesses. The asking price is $89,900. This represents a significant value for a property with such versatile potential in a thriving community. The building's solid construction and functional design make it an attractive option for both established businesses and entrepreneurs seeking a foothold in the Lanett market. The ample lot size provides additional space for expansion or future development. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location at an attractive price point. Don't miss out on this chance to own a piece of Lanett's vibrant business landscape. The property is zoned for commercial use and is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Total area 1,292 SF
APN 12-10-07-25-1-001-027.000
UPID US03-2672767
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
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Comparable Approach Comparable
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Owner & transaction history
DONALD M PHILLIPS
DONALD M PHILLIPS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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