Brick Corner Storefront
For Sale
$145,000
301 4TH Street S, Opelika, AL 36801
Commercial/Industrial, OPELIKA, AL
Property Size1,344 SF
Lot Size0.44 Acres
Price / SF$107.89
Days on Market140
Property Features for 301 4TH Street S
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Downtown Opelika, travel south on South 4th Street. Continue to the intersection of South 4th Street and Avenue B. Property is located on the corner and is known locally as the former Renee's Mod Shop.
Subdivision
Lee County
Standard status
Active
Size
1,344 SF
Lot size
0.44 Acres
Listing Agency:
PHOENIX REAL ESTATE FIRM LLC
(334) 610-3414
Listed By:
ZANDRA DAVIS
(334) 663-8420
Added: Jun 4
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 180864
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.
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Investment Insights
Based on property information with market context.
Located at 301 South 4th Street in Opelika, this 1,344-square-foot brick commercial building occupies a 0.44-acre corner lot at Avenue B. The property has a storefront configuration and a paved parking area, with the building offered in its present as-is condition.
The site is near downtown Opelika and major thoroughfares. Its former use was Renee's Mod Shop, and the existing layout is identified for retail, office, service-based business, or studio use. The property is classified as a storefront property and is being offered for sale.
The site is near downtown Opelika and major thoroughfares. Its former use was Renee's Mod Shop, and the existing layout is identified for retail, office, service-based business, or studio use. The property is classified as a storefront property and is being offered for sale.
Key Highlights
- 1,344‑square‑foot brick commercial building
- 0.44‑acre corner lot at South 4th Street and Avenue B
- Storefront layout with paved parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,658
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Imperial Designs — 300 Lindsey Ct, Opelika, AL 36801
- The New Blossom Shop — 905 Geneva St, Opelika, AL 36801
- A & O Florists — 131 Columbus Pkwy, Opelika, AL 36801
- Golden Crown Flower Shop — 1360 2nd Ave, Opelika, AL 36801
- Golden Crown Flower Shoppe — 1360 2nd Ave, Opelika, AL 36801
Frequently Asked Questions
What type of property is this?
Storefront property - The building includes a storefront layout, paved parking area, and flexible commercial space for retail or office use.
Where is this storefront property located?
The property is located at 301 4TH Street S Opelika, AL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,344‑square‑foot brick commercial building; 0.44‑acre corner lot at South 4th Street and Avenue B; Storefront layout with paved parking area
