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Property Detail

East University Drive
Reimagine an 84,000-square-foot commercial site at 2111 E University Drive, home to a 14-screen .
$7,950,000

Description

  • Reimagine an 84,000-square-foot commercial site at 2111 E University Drive, home to a 14-screen theater in Auburn’s bustling commercial sector.
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  • With 490 parking spaces, multiple access points, and a signalized intersection with a dedicated turn lane, the property is easily accessible.
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  • This opportunity is in one of Alabama’s fastest-growing cities, with a 43% population surge since 2010, projected to grow by nearly 9% by 2029.
  • Situated on a 7.66-acre lot with exceptional visibility and approximately 23,000 daily vehicle impressions, offering unparalleled exposure to patrons.
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  • Near Auburn University, East Alabama Medical Center, and affluent neighborhoods, the property benefits from proximity to key employers and retailers.
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  • This rare offering includes the sale of the real estate only; the business currently operating within the property is not part of the transaction.

Executive Summary

Unlock the potential of a prime 7.66-acre site in Auburn’s bustling commercial corridor. Located at 2111 E University Drive, this property offers countless possibilities for businesses seeking to occupy an existing structure or reimagine the site entirely. Currently home to a 14-screen AMC Theatre, the property features an 84,000-square-foot building with a 72,000-square-foot main floor and 12,000 square feet of mezzanine space. 2111 E University Drive's greatest opportunity lies in its redevelopment potential, whether by transforming the existing structure or clearing the site for an exciting new venture. Possibilities range from self-storage facilities to an indoor sports complex, with endless options for the site’s future.

This highly visible location offers outstanding access, positioned at the signalized intersection of E University Drive and Opelika Road, with approximately 23,000 vehicles passing daily. Multiple ingress and egress points, 490 parking spaces, and proximity to Auburn University and East Alabama Medical Center (EAMC) make this a prime location for various businesses.

Adjacent to the Auburn Mall and with nearby national retailers like Walmart Supercenter, Starbucks, and CVS, the well-positioned property is in a region with a rapidly growing economy. Within a 5-mile radius, the area boasts $1 billion in annual consumer spending, expected to increase by 8.9% by 2029. Auburn’s population surged by 43% from 2010 to 2020, signaling continued growth and demand for new developments.

2111 E University Drive presents a rare opportunity to acquire prime real estate in one of Alabama’s fastest-growing cities. Whether the goal is to occupy an existing building or redevelop the entire lot, this property offers unparalleled potential in a dynamic, high-traffic location.

Please note: This offering is for the real estate only; the current business operations are not for sale.

2111 E University Dr

Listing ID : 00761

SKU: 761

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Price History

DateEventPrice
December 10 2024Listed$7,950,000.00