1515 2nd Ave Opelika, AL 36801-5642
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.
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Champs Chicken Restaurant
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Piggly Wiggly Grocery & Convenience Store Food Market
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Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
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Best Wings and Things Restaurant
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New China Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.