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Opelika High Density Residential Land
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2013 Waverly Pkwy, Opelika, AL 36801

Prime land parcel ideal for multi-family development in Opelika.

Property SizeContact for details
Days on Market909

Property Features for 2013 Waverly Pkwy

General Information

Standard status Active
Property subtype Land
Zoning High Density - C-2
Listing Agency: Robert Thorington
Listed By: Tyler Rabren · License #AL 000136701-0
Source: Crexi
Added: Feb 22, 2024 Changed: Aug 8 Last Checked: Aug 8 at 11:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Thorington

Investment Insights

Based on property information with market context.

This prime parcel of land in Opelika, AL, presents an incredible opportunity for high-density residential development. The site is ideally suited for a multi-family project, with convenient access to all utilities. The property offers potential for various zoning options, providing flexibility for developers to maximize the land's potential. Zoning the entire property to any of the three designations is a straightforward process. The zoning designations include R-5 and R-5M High Density Residential Districts, intended for areas with densities not exceeding sixteen dwelling units per acre. Developments in these districts should be limited to areas having sanitary sewer and should be in proper scale and context with the existing neighborhood. Additionally, there is R-4 and R-4M Medium Density Residential Districts, designated for all types of residential development including single-family detached homes, duplexes, cottages, townhouses, apartments, patio homes, cluster homes, mobile homes, subdivisions, and mobile home parks in developments not exceeding nine units per acre. Developments in this district should be served by sanitary sewer and should be in context with the scale and character of the existing neighborhood. The property also includes C-2 Office/Retail District zoning, intended to provide areas for offices and neighborhood small retail uses, including residential, banks, fast food, convenience stores and similar uses.

Key Highlights

  • High‑density residential land ideal for multi‑family development.
  • Easy access to all utilities on‑site simplifies construction.
  • Potential for various zoning options (R‑5, R‑4, C‑2) offers flexibility.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

27
Businesses Nearby

Demographics for 36801, AL

24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Prime land parcel ideal for multi-family development in Opelika.
Where is this residential land & home lot located?
The property is located at 2013 Waverly Pkwy Opelika, AL.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: High‑density residential land ideal for multi‑family development.; Easy access to all utilities on‑site simplifies construction.; Potential for various zoning options (R‑5, R‑4, C‑2) offers flexibility.
More about this property
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