181 Columbus Parkway

    OPELIKA, AL 36801
    • $315,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 143095
    Price Reduced
    UPDATED: 61 min ago
    $315,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:
    Lee
    Area:

    School Ratings & Info

    Description

    181 Columbus Pkwy is a 5000+/-sqft commercial flex building near Downtown Opelika, AL, HWY 280, and i85. It features a glass front retail space with two separable warehouse spaces attached. The building is currently owner occupied by the profitable and established business Simply Southern Home Decor. The business prefers to continue to operate in the space and keep the current lease in place with a new building owner, but they are willing to terminate the current lease and vacate the property if the buyer desires. This is a great hands-off investment property since the tenant is on an absolute NNN with the tenant responsible for all taxes, insurance and property maintenance with five years remaining on lease. Currently offered at a 9.5% Cap Rate for investors with $30k NOI. The property would also work for a new owner occupied business. This is a commercial building in a central location in flourishing Opelika, located on Columbus Pkwy with a 22,000+ annual average daily traffic.

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    © 2019 Lee County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Brady Blackmon Team | Keller Williams Realty River Cities. Data last updated: 2019-12-14T21:04:15.263.
    www.bradyblackmon.com/homes/100582257

    181 Columbus Parkway OPELIKA, AL 36801

    • Price: $315,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 143095
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,000
    SQFT
    $63
    $/SQFT
    1973
    Built
    Neighborhood:
    None
    County:
    Lee
    Area:
    Opelika
    Property Description
    181 Columbus Pkwy is a 5000+/-sqft commercial flex building near Downtown Opelika, AL, HWY 280, and i85. It features a glass front retail space with two separable warehouse spaces attached. The building is currently owner occupied by the profitable and established business Simply Southern Home Decor. The business prefers to continue to operate in the space and keep the current lease in place with a new building owner, but they are willing to terminate the current lease and vacate the property if the buyer desires. This is a great hands-off investment property since the tenant is on an absolute NNN with the tenant responsible for all taxes, insurance and property maintenance with five years remaining on lease. Currently offered at a 9.5% Cap Rate for investors with $30k NOI. The property would also work for a new owner occupied business. This is a commercial building in a central location in flourishing Opelika, located on Columbus Pkwy with a 22,000+ annual average daily traffic.
    Property Features

    Association YN No Lot Features < 1/2 Acre Property Sub Type Industrial Tax Annual Amount 1370

    Listing provided courtesy of Jake Roland of Three Sixty.



    © 2019 Lee County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Brady Blackmon Team | Keller Williams Realty River Cities. Data last updated: 2019-12-14T21:04:15.263.
     
    The Brady Blackmon Team | Keller Williams Realty River Cities
    6053 Veterans Parkway, Suite 200
    Columbus GA, 31909