About This Home

This 0-bedroom, 0-bathroom commercial at 246 LAKE Street in Auburn, AL is listed for $850,000 ($623 per sqft). Built in 1955, the home offers 1,364 sqft of living space on a 0.67 acres lot.

Key Features

  • Built in 1955
  • 0.67 acre lot

Property Details

1955
Listing Description

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.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

246 LAKE Street

Auburn, AL 36832

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 246 LAKE Street is listed at $850,000 ($623/sqft). The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 0.67 acre lot.

This property is listed by BRITTANY REGISTER.

BR

BRITTANY REGISTER

Agent at THE PRIME REAL ESTATE GROUP

Listed by THE PRIME REAL ESTATE GROUP · Broker phone: 334-454-4663 · View on Broker Site · Broker website

MLS# 179435· Source: Lee County Association of Realtors· 215 days on PropertySimple

Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

246 LAKE Street, Auburn, AL 36832

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