Shopping center

East Columbus mall offered for online auction

The Lehmberg Crossing shopping center will be offered for sale in a private online auction starting on October 31.

Commercial real estate auction company Ten-X has published the sale, which is expected to run through November 2, the end of September. The opening bid is $700,000 and participants must declare their total assets and sign confidentiality agreements to register for the online auction. Colliers International is the listing agent.

Lehmberg Crossing Partners LLC owns the mall located at 907-935 Alabama St. It was built in 2000 and is home to 13 businesses, including an AT&T licensed franchisee, Fish Baskets and King’s Smoke and Tobacco Shop, among others. It is located next to McDonald’s and Marvin’s hardware store, but the center does not include these properties.

According to the auction listing, Colliers and Ten-X are marketing the property as a 31,700 square foot retail space sitting on 4.4 acres. The mall’s occupancy rate is currently 90%.

The listing says the property should sell for less than the current owner would have to pay to replace it, and at a lower price per square foot, while taking into account the inherent advantages of the location.

“The property’s prime location exposes it and provides easy access to strong demographics in the area,” the listing reads. “Alabama Street continues west of the property and becomes Main Street, which intersects the city of Columbus. Traffic directly along Alabama Street reaches more than 10,000 vehicles per day, and Columbus Center provides pylon signage along the roadway to capture customers’ attention.

Company representatives for Lehmberg and Colliers declined to comment on auction details when reached by The Dispatch.

Ten-X Asset Manager Cheri Mascitelli did not respond to calls from The Dispatch at press time.

Lowndes County assessor/tax collector Greg Andrews estimated in 2021 that the property was worth $1.98 million.

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