About 246 Lake St
Investment Opportunity in High-Growth Corridor | Zoned CDD Positioned in a rapidly developing area of Auburn, 246 Lake Street (located off of South College St) offers a prime infill opportunity surrounded by newly constructed commercial and industrial buildings. This location continues to experience strong growth, supporting both current demand and long-term upside. Situated on a .67 ac lot with a 1,364 sq ft home (circa 1955) providing immediate rental or use potential while allowing for future redevelopment or repositioning. Zoned CDD (Corridor Development District), this designation allows for a wide range of uses including office, retail, service-based businesses, and select light commercial applications, making it ideal for investors, owner-users, or redevelopment opportunities. Conveniently located just minutes from Auburn University, downtown Auburn, I-85 and major thoroughfares, the property benefits from both student-driven demand and proximity to expanding business activity. Ideal for investors or users seeking a value-add opportunity in a transitioning, high-demand corridor.
Features of 246 Lake St
| MLS® # | 179435 |
|---|---|
| Price | $850,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,364 |
| Acres | 0.67 |
| Year Built | 1955 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 246 Lake St |
|---|---|
| Area | Auburn |
| Subdivision | NONE |
| City | Auburn |
| County | Lee |
| State | AL |
| Zip Code | 36832 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | <1 Acre |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Brittany Register |
|---|---|
| Office | THE PRIME REAL ESTATE GROUP |