1801 Market StOpelika, AL 36801

Property Details for 1801 Market St

Year built

1973

Lot size

1.27 AC

Property size (Sq ft)

10,675 SF

Property type

Retail properties

APN

10-03-05-2-000-007-000

APU

1003052000007000

Description

This exceptional 10,675-square-foot flex space in Opelika, Alabama, offers immediate occupancy for multiple tenants. The single-story building features 14-foot ceiling heights (12' at the eave), one drive-in door, and both 2 and 3-phase power. Units are a minimum of 2,728 square feet. Each space includes convenient amenities such as HVAC, a roll-up door, firewalls, and restrooms. The property's strategic location provides excellent access to a thriving business community, including East Alabama Tractor Trailer & Equipment, Hudmon Construction, the Army National Guard, and West Frazier Opelika Lumber Mill. Its proximity to Southern Union Community College, with its approximately 4,386 students, ensures a robust local workforce and consumer base. The property benefits from its convenient location, approximately 2 miles from I-85 (with approximately 34,670 AADT traffic counts), and approximately 11.4 miles from Auburn University, further enhancing its accessibility and appeal. This prime location offers significant advantages for businesses seeking a versatile and well-connected space in a growing market. The property is situated in Lee County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,618,800

  6.5%

  $1,494,280

  7%

  $1,387,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,165,560

  Geo Method

  $2,165,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,986,500

  Mixed-Use / Specialty

  $1,459,650

  Hospitality / Lodging

  $1,032,750

  Office

  $1,420,460

  Institutional / Educational

  $1,506,980

  Residential Income

  $1,763,160

  Multifamily

  $2,277,080

  Automotive / Energy

  $1,291,700

  Parking / Income-Based Land

  $474,696

  Restaurant / Food Service

  $696,646

  Healthcare / Senior Housing

  $1,526,890

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6702

Longitude

-85.3667

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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