2328 S College St - Storefront FOR SALE


Auburn, AL 36832- South Auburn
$11,400,000 USD
334-703-7169
2328 S College St, Auburn, AL for Sale
$11,400,000 USD
Storefront - FOR SALE
1/31
null | Request Cap Rate

2328 S College St
Auburn, AL 36832
South Auburn


HIGHLIGHTS

  • Fully leased retail and office property with established tenancy.
  • Located at a highly visible Interstate 85 interchange in Auburn.
  • Direct access to South College Street and regional transportation routes.
  • Positioned near Auburn University and downtown Auburn destinations.
  • Includes additional land with interstate frontage for future consideration.
  • Property has been maintained by long-term ownership since construction.

OVERVIEW

The Village at Parkerson Mill presents an opportunity to acquire a fully leased retail and office investment property positioned along South College Street at one of Auburn's most visible commercial corridors. Constructed in 2000 and maintained by long-term ownership, the property benefits from established tenancy and direct access to Interstate 85, providing connectivity throughout the Auburn-Opelika market and the broader East Alabama region. The asset is located near the primary interstate gateway serving Auburn University, downtown Auburn, and surrounding residential growth areas. Auburn continues to be supported by the presence of Auburn University, one of Alabama's largest higher education institutions, which contributes to the area's population stability, workforce pipeline, and ongoing commercial demand. The property's frontage along South College Street and proximity to Interstate 85 provide strong visibility and convenient access for tenants and visitors. In addition to the existing income-producing improvements, the offering includes significant land holdings with interstate frontage that may support future development opportunities, subject to applicable approvals. The combination of stabilized occupancy, established tenant presence, strategic access, and additional land creates a multifaceted investment opportunity within one of Alabama's most recognized university markets. Investors have the ability to acquire a property with current cash flow while maintaining the potential to evaluate future development or expansion scenarios based on market conditions and entitlement considerations.

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$589 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkerson Mill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

CDD

APN/PARCEL ID

19-01-12-0-000-181.000

ASK ABOUT THIS PROPERTY

Lee Alice JohnsonJL Real Estate GroupMore Info
334-703-7169

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Lee Alice JohnsonJL Real Estate GroupMore Info
334-703-7169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.