1651 Parker WayOpelika, AL 36801

Property Details for 1651 Parker Way

Year built

2010

Lot size

1.83 AC

Property size (Sq ft)

36,673 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

09-06-24-0-000-028-000

APU

906240000028000

Description

This exceptional 10.04-acre commercial development site in Opelika, Alabama, presents a unique opportunity for investors and developers. Located at 1651 Parker Way, this property boasts approximately 1,200 feet of frontage along I-85, providing unparalleled visibility and accessibility. Conveniently situated off Exit 58, the land is in Lee County's busiest retail corridor, a highly desirable area experiencing significant growth. The site is already rough-graded and utilities are in place, streamlining the development process. Zoned C-3 Commercial, this parcel offers flexibility for a wide range of commercial projects. This is the last available frontage parcel in this thriving development, situated within the Opelika/Auburn MSA, one of Alabama's fastest-growing areas. The property's strategic location is further enhanced by the upcoming construction of a new Element by Westin hotel. The seller is willing to subdivide the land to accommodate specific project needs. This is a rare opportunity to secure a prime location in a rapidly expanding market. Contact us today for detailed information and to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,298,192

  6.5%

  $4,890,638

  7%

  $4,541,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,810,574

  Geo Method

  $16,810,574

• Alternative Use

  Use

  Valuation

  Residential

  $5,339,156

  Hospitality

  $4,890,638

  Educational

  $4,068,954

  Medical

  $4,208,892

  Retail

  $6,329,484

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6199

Longitude

-85.4002

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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