Description
Prime development off E. Glenn Ave., just 1.9 mi from Toomers Corner. This property has approx. 3.51 acres just minutes from Auburn University and shopping. The proposed mixed-use development has already been approved by Planning and City Council. The current proposal has 21,000sqft of Office/light-Retail space divided between two 2-story buildings fronting E. Glenn Ave. Behind the Commercial frontage is proposed 27 land-condo townhomes. The zoning for the Townhomes allow for up to 5 unrelated occupancy. The potential for an investor could be to keep both Commercial and Townhomes as a rental portfolio, sell the townhomes and lease the Commercial space, or develop and sell both Commercial & Townhomes. This property is 2.7mi from the Auburn University Regional Airport, 2.2 mi from I-85 (Exit 57), 3.9 mi to Tiger Town, & 1.9 mi to Toomers Corner. There is currently a Residential home on the property. Two owners hold an Alabama Real Estate License.
-
0BEDS
-
3.51ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Prime development off E. Glenn Ave., just 1.9 mi from Toomers Corner. This property has approx. 3.51 acres just minutes from Auburn University and shopping. The proposed mixed-use development has already been approved by Planning and City Council. The current proposal has 21,000sqft of Office/light-Retail space divided between two 2-story buildings fronting E. Glenn Ave. Behind the Commercial frontage is proposed 27 land-condo townhomes. The zoning for the Townhomes allow for up to 5 unrelated occupancy. The potential for an investor could be to keep both Commercial and Townhomes as a rental portfolio, sell the townhomes and lease the Commercial space, or develop and sell both Commercial & Townhomes. This property is 2.7mi from the Auburn University Regional Airport, 2.2 mi from I-85 (Exit 57), 3.9 mi to Tiger Town, & 1.9 mi to Toomers Corner. There is currently a Residential home on the property. Two owners hold an Alabama Real Estate License.
© 2023 Lee County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prestige Properties. Data last updated: 2023-03-23T21:04:17.687.