601 7Th St Opelika, AL 36801
- Commercial real estate
- 2,776 SF
- 0.62 lot acres
Current Use by Public Records
- Fellowship of Faith Christian / Church
Property Details for 601 7Th St
- Year built
- 1945
- Lot size
- 0.62 lot acres
- Property size
- 2,776 SF
- Property type
- Commercial real estate
- APN
- 1003074001044.00
Description
This exceptional investment opportunity presents a 2,776-square-foot Class B office building in Opelika, Alabama, situated on a 0.62-acre lot at 601 S 7th St, 36801. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease to Arrow, a stable tenant, extending until May 30, 2028 (3.5 years remaining, with a 5-year extension option). The building, constructed in 1945 and renovated in 2019, features a single story, 20 parking spaces, and a 700-square-foot basement storage area. The interior includes multiple rooms, a reception area, modern conference rooms, a kitchen, and showers. Hardwood floors throughout add a touch of elegance. The property offers a strong NOI of $49,560, resulting in an 8.62% cap rate, and is priced at $575,000 ($207.13/sq ft). Its convenient location near Downtown Opelika, shopping, restaurants, and public transportation, combined with its attractive features and long-term lease, makes this a compelling investment opportunity. The property is zoned C2 and has an APN of 1003074001044.00. This is a single-unit building with easy interstate access.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Opelika
- County
- Lee
- State
- Alabama
- Longitude
- -85.37303332
- Latitude
- 32.64440069
