Restaurant Building with Large Parking
21366 ATHENS LIMESTONE BOULEVARD, Athens, AL 35611
For Sale
$1,900,000
Commercial Sale, ATHENS, AL
Property Size4,929 SF
Lot Size2.21 Acres
Price / SF$385.47
Days on Market715
Property Features for 21366 ATHENS LIMESTONE BOULEVARD
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Buildings
Listing Agency:
Butler Realty
(931) 427-4411
Listed By:
Wade Boggs · License AL #74312
(256) 520-8384
Added: Nov 27, 2024
Changed: Oct 29
Last Checked: Nov 11 at 1:06PM
MLS# 21876242
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2005, this restaurant property contains 4,929 square feet on a 2.21-acre parcel. The building features stone and stucco construction, concrete flooring, central heating fueled by natural gas, and central air conditioning. Public water serves the property. Two bathrooms are listed.
The site occupies a corner lot with approximately 570 feet of road frontage and about 80 parking spaces. I-65 Exit 351 is nearby, with lodging options in the immediate area.
The site occupies a corner lot with approximately 570 feet of road frontage and about 80 parking spaces. I-65 Exit 351 is nearby, with lodging options in the immediate area.
Key Highlights
- 4,929‑square‑foot restaurant building on 2.21 acres
- Approximately 80 parking spaces
- Corner parcel with approximately 570 feet of road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,848
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,960
$1.4M
Cap Rate 7%
$983,543
$983.5K
Cap Rate 9%
$764,978
$765.0K
Market Conditions
NOI Build-Up for 4,929 SF
Gross rent
$94.6K $19.20/SF
− Vacancy
−$2.8K −$0.58/SF
EGI
$91.8K $18.62/SF
− OpEx
−$22.9K −$4.66/SF
NOI
$68.8K $13.97/SF
Area
Limestone County, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,960
Cap Rate 7%
$983,543
Cap Rate 9%
$764,978
Alternative Uses
Best Use
Specialty Retail
$983.5K
$860.6K – $1.15M
NOI $68,848 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,846 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
360k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 11%
Hotels & Casinos 4%
Apparel 2%
Chick-fil-A
Dining
49,882 visits/mo
0.3 miles
McDonald's
Dining
35,326 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
27,488 visits/mo
0.4 miles
Wendy's
Dining
22,313 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
21,794 visits/mo
0.3 miles
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The freestanding restaurant property includes a substantial dining footprint and on-site customer parking.
Where is this conventional restaurant located?
The property is located at 21366 ATHENS LIMESTONE BOULEVARD Athens, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 4,929‑square‑foot restaurant building on 2.21 acres; Approximately 80 parking spaces; Corner parcel with approximately 570 feet of road frontage
