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Property profile

2450 Enterprise Dr Opelika, AL 36801

FOR SALE
Grocery and convenience stores
Property ID
US03-1684877
76,331 SF 8.31 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 2.5-acre commercial land parcel presents a rare development opportunity within Tiger Town, Alabama's top-ranked power center. Located at 2450 Enterprise Dr, Opelika, AL 36801, this vacant lot boasts a prominent position within a thriving retail environment. The property, designated by APN 0906234000029000, is zoned PUD and offers 108,900 square feet of developable space. With an asking price of $3,000,000 ($27.55/sq ft), this represents a significant investment in a high-traffic location. Tiger Town attracts over 9.7 million visitors annually, anchored by major retailers including Target, Kroger, Kohl's, The Home Depot, and Best Buy. Its strategic location at the intersection of I-85 and Hwy 280 provides exceptional visibility and accessibility, benefiting from proximity to Auburn University and Columbus, GA. This is a unique chance to capitalize on the success of one of the nation's leading power centers. The property is offered as an Absolute NNN lease. The site is conveniently located near over one million square feet of existing retail space, along with free-standing restaurants, banks, offices, and hotel sites. This presents a compelling opportunity for developers seeking a high-impact location within a proven, high-performing retail environment.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2007
Construction CONCRETE BLOCKS
Total area 76,331 SF
Lot 8.31 ac (361,984 SF)
APN 09-06-23-4-000-003-000
UPID US03-1684877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant
  • Gas Station
  • Gas Station
  • Bakery Specialty Food Shop
  • Atm Currency Exchange Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$870k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $2.0M +69.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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