601 7Th StOpelika, AL 36801

Property Details for 601 7Th St

Year built

1945

Lot size

0.62 AC

Property size (Sq ft)

2,776 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a 2,776-square-foot Class B office building in Opelika, Alabama, situated on a 0.62-acre lot at 601 S 7th St, 36801. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease to Arrow, a stable tenant, extending until May 30, 2028 (3.5 years remaining, with a 5-year extension option). The building, constructed in 1945 and renovated in 2019, features a single story, 20 parking spaces, and a 700-square-foot basement storage area. The interior includes multiple rooms, a reception area, modern conference rooms, a kitchen, and showers. Hardwood floors throughout add a touch of elegance. The property offers a strong NOI of $49,560, resulting in an 8.62% cap rate, and is priced at $575,000 ($207.13/sq ft). Its convenient location near Downtown Opelika, shopping, restaurants, and public transportation, combined with its attractive features and long-term lease, makes this a compelling investment opportunity. The property is zoned C2 and has an APN of 1003074001044.00. This is a single-unit building with easy interstate access.

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6444

Longitude

-85.373

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