0 Veterans Pkwy Opelika, AL 36801
This exceptional 17-acre commercial property in Opelika, Alabama, presents a unique investment opportunity. Located off Veterans Parkway in Lee County (zip code 36801), this land boasts over 1,200 square feet of frontage on Veterans Parkway, a road slated for expansion to a four-lane thoroughfare connecting Highway 280 to Tiger Town, Opelika and Auburn's largest shopping center. The property's strategic location offers convenient access to the new Publix development off Highway 280 and Lee Scott Academy. Currently zoned C-2 (Office/Retail District), this versatile zoning allows for a range of uses, including office spaces, neighborhood retail establishments, residential development, banks, fast food restaurants, and convenience stores. The asking price is $1,870,000, translating to $110,000 per acre. This represents a significant opportunity to capitalize on Opelika's Gateway Corridor growth and the high demand for commercial and mixed-use properties in this thriving area. The property's size and zoning flexibility make it suitable for a variety of development projects, offering substantial potential for long-term appreciation and strong rental income. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime piece of real estate in a rapidly developing area of Opelika.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.