101 Simmons StOpelika, AL 36801

Property Details for 101 Simmons St

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.98 AC

Property size (Sq ft)

4,551 SF

Property type

Office properties

Property subtype

Office buildings

APN

09-06-13-1-002-004-000

APU

906131002004000

Description

This exceptional 4,070-square-foot flex space, situated on a half-acre lot at the corner of 2nd Ave and Simmons St, presents a unique investment opportunity. Built in 1985, the single-story building boasts a spacious open retail floor plan, ideal for a variety of uses. The property features a convenient dock-high loading ramp and door, enhancing operational efficiency. The rear of the building includes two bathrooms, an office, and ample storage space. The building's glass storefront provides excellent natural light and high visibility, making it perfect for retail businesses. The C2 zoning allows for multiple uses. This property benefits from a high daily traffic count of approximately 16,500 vehicles per day (2022 data), ensuring significant exposure. The current tenant is vacating, making this a blank canvas for your next venture. Landlord is open to negotiating a short-term lease (2-3 years). This location offers convenient access to Auburn and Opelika, providing a strategic advantage for businesses seeking a prominent presence in this thriving area. The property's size and features make it suitable for both retail and other commercial uses. This is a rare opportunity to acquire a well-located, versatile commercial property with excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $578,860

  6.5%

  $534,332

  7%

  $496,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $887,718

  Geo Method

  $887,718

• Alternative Use

  Use

  Valuation

  Residential

  $662,572

  Hospitality

  $606,912

  Educational

  $504,944

  Medical

  $522,310

  Retail

  $785,468

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6422

Longitude

-85.3898

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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