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    Athens, AL
    Conventional Restaurant

    Athens, AL Conventional Restaurants for Sale

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    Elkmont, AL Rogersville, AL Tanner, AL Decatur, AL Trinity, AL Lester, AL Courtland, AL Anderson, AL
    Former Restaurant Building For Sale
    Updated: Nov 27, 2024
    Former Restaurant Building For Sale

    21366 Athens Limestone Blvd, Athens, AL 35611

    $2,200,000
    5,000 sqft 2.21 AC lot
    Easily convertible restaurant space (former Ruby Tuesday).
    Large parking area with approximately 80 spaces.
    Excellent visibility with approximately 570’ of road frontage on a corner lot.
    Convenient access to I‑65 (Exit #351).
    Located in a strong Athens market.
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    This listing looks promising.

    Here's a quick look at some key insights for

    21366 Athens Limestone Blvd, Athens, AL, 35611

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $70K
      Annual

    • Price @ 7% Cap

      $998K
      Suggested
    View Property Analytics
    Corner Lot Restaurant Building
    Updated: May 21
    Corner Lot Restaurant Building

    21366 Athens Limestone Boulevard, Athens, AL 35611

    $2,200,000
    4,929 sqft 2.21 AC lot
    Approximately 4,929 SF former Ruby Tuesday restaurant building with concrete flooring
    Central heating and central air conditioning
    Large parking area with +/- 80 parking spaces
    Corner lot with approximately 570' of road frontage
    Public water and public sewer
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Athens, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant Building with Commercial Kitchen
    Restaurant Building with Commercial Kitchen

    1010 Heathland Drive, Huntsville, AL 35816

    $3,100,000
    6,500 sqft 1.41 AC lot

    Restaurant property with a full commercial kitchen and walk-in freezer, plus two large office spaces and ample parking.

    View details
    Restaurant Outparcels for Sale
    Restaurant Outparcels for Sale

    1213-1217 Point Mallard Pkwy, Decatur, AL 35601

    $6,550,000
    14,010 sqft

    Offered for sale restaurant outparcels in Decatur, Alabama, part of The Crossings of Decatur retail development.

    View details
    Single-Tenant Net-Lease Restaurant
    Single-Tenant Net-Lease Restaurant

    1209 Point Mallard Parkway SE, Decatur, AL 35601

    Contact for pricing
    14,010 sqft

    Three single-tenant net-leased buildings leased to LongHorn Steakhouse, Regions Bank, and AT&T at a signalized corner.

    View details
    Historic Office Building
    Historic Office Building

    205 East Side Square, Huntsville, AL 35801

    Contact for pricing
    12,767 sqft

    Built in 1913 with an antique elevator and offers lounge, restaurant, and office space options for sale.

    View details

    Athens, AL Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Athens, AL on our real estate platform. These investment opportunities span a total of 9,929 square feet of properties for sale, with an estimated market value of $4,400,000.

    Sale prices for conventional restaurants in Athens, AL average $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    Demographics Overview

    Population 60K
    Population Growth (5Y) +0.4%
    Median Household Income $74,404
    College Educated 26.9%

    High-Yield Neighborhoods for Investment

    Identify Athens submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    35611 $2.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.71%
    Property Tax per SF $94.96 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Limestone County

    New Delisted

    Total CRE Inventory on Market (SF)

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