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Property profile & analytics
OFF-MARKET Estimated value $845,000
Strip malls

1515 2nd Ave Opelika, AL 36801-5642

50,749 SF 4.53 ac lot Built 1981
Entity Owned Free & Clear
Property ID
US03-1912608
Property summary
AI-generated overview

This prime retail property, Parkway Village, located at 1515 2nd Ave in Opelika, Alabama (zip code 36801), presents a compelling investment opportunity. The shopping center encompasses a total of 59,916 square feet on a 5.15-acre lot in Lee County. Currently, there is 1,000 square feet of vacant space available, ideal for a variety of retail uses. The property's multiple tenancy structure provides a diverse tenant mix, contributing to a stable income stream. The property's location in Opelika offers excellent visibility and accessibility, situated on a major thoroughfare. With its substantial size and strategic location, Parkway Village is well-positioned to attract a wide range of businesses and customers. The existing infrastructure is well-maintained, minimizing immediate capital expenditure needs. This property is an excellent addition to any portfolio seeking strong returns in a thriving retail market. The 1,000 square feet of available space presents an immediate opportunity to increase occupancy and rental income. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Detailed financial information and lease terms are available upon request.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction CONCRETE BLOCKS
Total area 50,749 SF
Lot 4.53 ac (197,327 SF)
APN 09-06-13-1-002-008-000
UPID US03-1912608
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Champs Chicken Restaurant
  • Piggly Wiggly Grocery & Convenience Store Food Market
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Best Wings and Things Restaurant
  • New China Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$817k
Blend (final) Blend
$845k
Owner & transaction history
PARKWAY VILLAGE ASSOCIATES LIMITED
PARKWAY VILLAGE ASSOCIATES LIMITED
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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