2019 Pepperell PkwyOpelika, AL 36801

Property Details for 2019 Pepperell Pkwy

Year built

1992

Construction

WOOD

Lot size

1.19 AC

Property size (Sq ft)

3,491 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

09-06-14-1-000-015-006

APU

906141000015006

Description

This exceptional investment opportunity presents a 3,491 square foot, single-story, Class B building situated on a 1.5-acre lot in Opelika, Alabama. Currently operating as a Dairy Queen (business not included in sale), the property boasts 100% occupancy and offers significant potential for various commercial uses. Built in 1992 and renovated in 2002, the building features 49 parking spaces and is zoned C-3. Its prime location on Pepperell Parkway, directly across from East Alabama Medical Center, ensures high visibility and accessibility. The property benefits from its placement within a Lee County Opportunity Zone, providing substantial tax advantages. High daily traffic counts, proximity to major routes (including I-85, approximately 2.2 miles away), and its location within the rapidly growing Auburn-Opelika area, near Tiger Town, contribute to its strong investment potential. The sale includes the land and building only; the existing business is not part of the sale and is expected to vacate within six months. This presents a unique chance to acquire a versatile, turn-key space in a thriving commercial corridor, offering significant returns for forward-thinking investors. The asking price is $2,900,000 ($830.71 per square foot). The property's APN is 7217. Ownership is held by a corporation. The sale is offered directly by the owner.

• CAP approach

  CAP return

  Valuation

  6%

  $652,730

  6.5%

  $602,520

  7%

  $559,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,716,005

  Geo Method

  $1,716,005

• Alternative Use

  Use

  Valuation

  Residential

  $508,248

  Hospitality

  $465,553

  Educational

  $387,334

  Medical

  $400,656

  Retail

  $602,520

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6373

Longitude

-85.4071

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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