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Redevelopment Opportunity at 1-85 & Hwy 431 1002 Columbus Pky 100 Room Hotel Opelika, AL 36801 $3,600,000 ($36,000/Room)
Investment Highlights
- Strategic Location: Corner of I-85 and Hwy 431
- Over 60,000 vehicles/day
- Former hotel site ready for redevelopment
- High-visibility site with excellent access
- Opelika named one of Alabama’s fastest-growing cities
Executive Summary
Opelika, AL has been recognized as one of the fastest-growing cities in Alabama. It has also earned national accolades, being named a "Best Small City for Business" by the U.S. Chamber of Commerce and one of the "South’s Best Cities" by Southern Living, according to the Opelika Chamber. This redevelopment opportunity, formerly a hotel, is ideally positioned to capitalize on the city’s rapid growth. Located at the high-traffic intersection of I-85 and Highway 431, the property offers exceptional visibility, with over 60,000 vehicles passing by daily.
Property Facts
| Price | $3,600,000 | Building Size | 38,888 SF |
| Price Per Room | $36,000 | No. Rooms | 100 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1972 |
| Property Subtype | Hotel | Parking Ratio | 2.83/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.00 AC | ||
| Zoning | OP - Office Professional | ||
| Price | $3,600,000 |
| Price Per Room | $36,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 38,888 SF |
| No. Rooms | 100 |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Exterior |
| Zoning | OP - Office Professional |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 100 | $44.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 10-02-09-3-000-007.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $348,600 |
Property Taxes
Parcel Number
10-02-09-3-000-007.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$348,600
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Contact the Sale Advisor
Redevelopment Opportunity at 1-85 & Hwy 431 | 1002 Columbus Pky