1701 Pepperell PkwyOpelika, AL 36801

  • Retail properties
  • 1,386 SF
For Sale
$190,000 View listing

Property Details for 1701 Pepperell Pkwy

Year built
2000
Lot size
0.22 AC
Property size (Sq ft)
1,386 SF
Property type
Retail properties
Property subtype
Other car washes
APN
09-06-13-1-001-085-000
APU
906131001085000

Description

This vacant 1,386 square foot car wash located at 1701 Pepperell Pkwy, Opelika, Alabama 36801, is a prime investment opportunity. The property sits on a 0.22-acre lot and is zoned C-3, offering flexibility for various uses. Currently vacant, the building is a Class D retail/special purpose property with a fee simple ownership. All existing equipment has been removed, presenting a blank canvas for a new owner. The location boasts high visibility and convenient access, situated near a rapidly expanding area with more than 18,500 vehicles passing daily. A full access curb cut on Pepperell Parkway ensures easy ingress and egress. This property is located within an Opportunity Zone, potentially offering significant tax advantages. The asking price is $190,000. The net rentable square footage is 1,386 square feet. This is a single-unit property. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $259,148
    6.5%
    $239,213
    7%
    $222,127
  • Comparable approach

    Method
    Valuation
    Relative Method
    $681,290
    Geo Method
    $681,290
  • Alternative Use

    Use
    Valuation
    Residential
    $201,785
    Hospitality
    $184,834
    Educational
    $153,780
    Medical
    $159,069
    Retail
    $239,213
1701 Pepperell Pkwy, Opelika, Alabama

Location Insight

City
Opelika
County
Lee
State
Alabama
Latitude
32.6391
Longitude
-85.3957
CBSA code
12220
CBSA name
AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,046
$11,760
$26,100
$37,860
-
$58,800
$130,500
$189,300

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