3303 Pepperell Pkwy Opelika, AL 36801
- Commercial real estate
- 2.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3303 Pepperell Pkwy
- Lot size
- 2.59 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.59-acre commercial land parcel presents a unique investment opportunity in the thriving city of Opelika, Alabama. Located at 3303 PEPPERELL Parkway, this property offers significant potential for various commercial ventures. A key feature of this offering is the existing billboard lease, which conveys with the sale at closing. This lease currently generates approximately $4,000 annually, providing immediate and consistent income. The lease agreement includes a provision for a yearly fee increase after a five-year period, ensuring future revenue growth. The property's substantial acreage allows for considerable flexibility in development plans, catering to a wide range of commercial uses. Its strategic location on PEPPERELL Parkway offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high traffic exposure. The sale price of $350,000 represents a compelling investment opportunity, combining the benefits of land ownership with the immediate return of an established income stream. This property is ideal for investors seeking a blend of long-term appreciation potential and immediate cash flow. The existing billboard lease provides a stable foundation for future development plans, offering a secure and profitable investment. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. The property is ready for immediate possession upon closing.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Opelika
- County
- Lee
- State
- Alabama
- Longitude
- -85.42632
- Latitude
- 32.63392
