513 Lanier Ave Lanett, AL 36863-2082
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.
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
No recorded transactions found for this property.
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.