2450 Enterprise DrOpelika, AL 36801

Property Details for 2450 Enterprise Dr

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

8.31 AC

Property size (Sq ft)

76,331 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

09-06-23-4-000-003-000

APU

906234000003000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $14,272,002

  6.5%

  $13,174,156

  7%

  $12,233,145

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,520,596

  Geo Method

  $37,520,596

• Alternative Use

  Use

  Valuation

  Residential

  $11,112,894

  Hospitality

  $10,179,351

  Educational

  $8,469,100

  Medical

  $8,760,366

  Retail

  $13,174,156

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6208

Longitude

-85.4112

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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