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.
|--||New Value: $1,800,000|
|12/16/2022 11:15:00 AM||New Value: $1,800,000|
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