410 2Nd AveOpelika, AL 36801

Property Details for 410 2Nd Ave

Year built

1928

Lot size

0.46 AC

Property size (Sq ft)

2,680 SF

Property type

Office properties

Property subtype

Office buildings

APN

10-03-07-1-002-109-000

APU

1003071002109000

Description

This exceptional industrial property, located at 410 2nd Avenue in Opelika, Alabama, presents a compelling investment opportunity. The property encompasses a sizable 0.46-acre lot, offering ample space for various industrial uses. Currently occupied by a tenant, this provides immediate cash flow potential. Please note that showing appointments are required due to the tenant occupancy, and availability is limited and subject to change on a week-to-week basis. Prospective buyers should be prepared for scheduling flexibility and potential delays in viewing the property. The asking price for this strategically located Opelika industrial property is $599,000. Given the current market conditions and the property's size and location, this represents a strong value proposition for investors seeking a stable, income-generating asset in a growing Alabama market. Further details regarding the tenant lease agreement and property specifics can be provided upon request and after scheduling a viewing appointment. Serious inquiries only. The property's precise square footage is currently unavailable.

• CAP approach

  CAP return

  Valuation

  6%

  $340,880

  6.5%

  $314,658

  7%

  $292,183

• Comparable approach

  Method

  Valuation

  Relative Method

  $522,761

  Geo Method

  $522,761

• Alternative Use

  Use

  Valuation

  Residential

  $390,176

  Hospitality

  $357,400

  Educational

  $297,352

  Medical

  $307,579

  Retail

  $462,548

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6532

Longitude

-85.3778

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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