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    2013 Waverly Pkwy Opelika, AL 36801

    Sponsored
    For Sale
    $2,934,400

    36 Acres, High-Density Zoning, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 36.38-acre parcel in Opelika, Alabama, presents a remarkable opportunity for high-density development. Located at 2013 Waverly Pkwy, 36801, this property boasts a prime location and is zoned for a variety of uses, including high-density and medium-density residential, as well as C-2 office/retail. The site currently features three distinct zoning classifications: R-5/R-5M (High Density Residential, up to 16 units per acre), R-4/R-4M (Medium Density Residential, up to 9 units per acre), and C-2 (Office/Retail). Rezoning the entire property to any of these classifications should present no significant obstacles. All utilities are conveniently located on-site, making this a highly attractive proposition for developers seeking to create a thriving multi-family community or mixed-use development. The R-5 and R-4 zoning designations specify that developments should be in scale with the existing neighborhood and served by sanitary sewer. The C-2 zoning allows for a range of uses, including residential, offices, banks, fast food establishments, and convenience stores. This versatile property offers significant potential for a variety of development projects, making it an ideal investment for discerning buyers. The asking price is $2,934,400.

    Property Features for 2013 Waverly Pkwy

    General Information

    Property type
    Land
    Lot Size
    1,584,713 SF

    HighLights

    • $2,934,400 asking price for 36.38 acres of land.
    • Located at 2013 Waverly Pkwy, Opelika, AL 36801.
    • Zoned High Density, Medium Density, and C‑2 (Office/Retail), allowing for flexibility in development.
    • Suitable for multi‑family development with all utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.4069629
    Latitude
    32.6483511

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    FAQs

    What type of property is this?
    Land - 36 Acres, High-Density Zoning, Multi-Family Potential
    Where is this land located?
    The property is located at 2013 Waverly Pkwy Opelika, AL.
    What is the asking price?
    The asking price for this property is $2,934,400.
    What are key features of this property?
    This property features: $2,934,400 asking price for 36.38 acres of land.; Located at 2013 Waverly Pkwy, Opelika, AL 36801.; Zoned High Density, Medium Density, and C-2 (Office/Retail), allowing for flexibility in development.
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    Opelika, AL 36801
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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
    2013 Waverly Pkwy Opelika, AL 36801
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