2019 Pepperell Pkwy Opelika, AL 36801-5441
This exceptional investment opportunity presents a 3,491 square foot, single-story, Class B building situated on a 1.5-acre lot in Opelika, Alabama. Currently operating as a Dairy Queen (business not included in sale), the property boasts 100% occupancy and offers significant potential for various commercial uses. Built in 1992 and renovated in 2002, the building features 49 parking spaces and is zoned C-3. Its prime location on Pepperell Parkway, directly across from East Alabama Medical Center, ensures high visibility and accessibility. The property benefits from its placement within a Lee County Opportunity Zone, providing substantial tax advantages. High daily traffic counts, proximity to major routes (including I-85, approximately 2.2 miles away), and its location within the rapidly growing Auburn-Opelika area, near Tiger Town, contribute to its strong investment potential. The sale includes the land and building only; the existing business is not part of the sale and is expected to vacate within six months. This presents a unique chance to acquire a versatile, turn-key space in a thriving commercial corridor, offering significant returns for forward-thinking investors. The asking price is $2,900,000 ($830.71 per square foot). The property's APN is 7217. Ownership is held by a corporation. The sale is offered directly by the owner.
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Dairy Queen Grill & Chill Restaurant Take-out & Catering
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
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.