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    1651 Parker Way Opelika, AL 36801

    For Sale
    Contact for pricing

    10 Acres, I-85 Frontage, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10.04-acre commercial development site in Opelika, Alabama, presents a unique opportunity for investors and developers. Located at 1651 Parker Way, this property boasts approximately 1,200 feet of frontage along I-85, providing unparalleled visibility and accessibility. Conveniently situated off Exit 58, the land is in Lee County's busiest retail corridor, a highly desirable area experiencing significant growth. The site is already rough-graded and utilities are in place, streamlining the development process. Zoned C-3 Commercial, this parcel offers flexibility for a wide range of commercial projects. This is the last available frontage parcel in this thriving development, situated within the Opelika/Auburn MSA, one of Alabama's fastest-growing areas. The property's strategic location is further enhanced by the upcoming construction of a new Element by Westin hotel. The seller is willing to subdivide the land to accommodate specific project needs. This is a rare opportunity to secure a prime location in a rapidly expanding market. Contact us today for detailed information and to explore the possibilities.

    Property Features for 1651 Parker Way

    General Information

    Property type
    Land
    Lot Size
    437,342 SF

    HighLights

    • 10.04‑acre commercial development site in Opelika, AL, at 1651 Parker Way.
    • ~1,200 feet of I‑85 frontage, providing high visibility and accessibility off Exit 58.
    • Located in Lee County's prime retail corridor, a high‑growth area.
    • Rough‑graded with utilities in place; C‑3 Commercial zoning.
    • Last available frontage parcel in this thriving Opelika/Auburn MSA development.
    • Seller will subdivide to meet project needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Microtel Inn & Suites ... Hotel

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.4001886
    Latitude
    32.6199066

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    FAQs

    What type of property is this?
    Land - 10 Acres, I-85 Frontage, Ready to Build
    Where is this land located?
    The property is located at 1651 Parker Way Opelika, AL.
    What are key features of this property?
    This property features: 10.04-acre commercial development site in Opelika, AL, at 1651 Parker Way.; ~1,200 feet of I-85 frontage, providing high visibility and accessibility off Exit 58.; Located in Lee County's prime retail corridor, a high-growth area.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1651 Parker Way Opelika, AL 36801
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