Mixed-Use Property with Separate Upper-Level
For Sale
$1,800,000
29730 + lot US HIGHWAY 72, Athens, AL 35756
Commercial Sale, ATHENS, AL
Property Size12,000 SF
Lot Size1.00 Acre
Price / SF$150
Days on Market54
Property Features for 29730 + lot US HIGHWAY 72
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 4
Parking
80
Parking features
Oversize, Parking Lot
Security features
Security Lighting
Window features
Display Window(s)
Exterior features
Lighting
Lot features
High Visibility
Directions
Hwy 72 past Burgreen Road MULTISE Property will be on the Left hand side past Reseda Nursery
Standard status
Active
APN
0907250002017.026
Size
12,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Parcel 09072500002017.025 (empty parking lot) & Parcel 090725000017.026 (building) are being sold together
Legal Description
Parcel 09072500002017.025 (empty parking lot) & Parcel 090725000017.026 (building) are being sold together
Utilities
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Public
Amenities
Three Commercial entrances on the main level
separate entrance
2 full kitchens
Loading Door
Building Details
Year built
1994
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Block, Metal Siding, Concrete, Glass
Roof type
Metal
Listing Agency:
RE/MAX Unlimited · RE/MAX International
(256) 327-7600
Listed By:
Sherry Cox · License #46901
(256) 830-0393
Added: Sep 10
Changed: Oct 29
Last Checked: Nov 2 at 7:06PM
MLS# 21928791
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.
This mixed-use property occupies a 1-acre lot and has three commercial entrances on the main level. An upstairs room measuring 4,040 square feet is unfinished, open, and accessible by a separate entrance. The property also includes an apartment with its appliances in place and two full kitchens. Interior walls are non-load-bearing, and a loading door is present.
The property is on US Highway 72 in Athens, Alabama. Building systems include central air conditioning and propane heat; the water source is public. Construction materials include block, metal siding, concrete, and glass, with a metal roof. The building was constructed in 1994.
The property is on US Highway 72 in Athens, Alabama. Building systems include central air conditioning and propane heat; the water source is public. Construction materials include block, metal siding, concrete, and glass, with a metal roof. The building was constructed in 1994.
Key Highlights
- 4,040‑square‑foot unfinished upstairs room with separate entrance
- Three commercial entrances on the main level
- Apartment with appliances and two full kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,900
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,000
$2.9M
Cap Rate 7%
$2,070,000
$2.1M
Cap Rate 9%
$1,610,000
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$252.0K $21.00/SF
− Vacancy
−$20.2K −$1.68/SF
EGI
$231.8K $19.32/SF
− OpEx
−$86.9K −$7.25/SF
NOI
$144.9K $12.08/SF
Area
Limestone County, AL
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,000
Cap Rate 7%
$2,070,000
Cap Rate 9%
$1,610,000
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.65M
NOI $218,736 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
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Business Placement
Demographics for 35756, AL
22,978
Population
8,821
Households
2.6
Avg Household Size
36
Median Age
58%
College-Educated
95%
High-School Grad
80.3 sq mi
ZIP Area
286
Density / Sq Mi
$134,900
Median Household Income
$74,976
Median Earnings
$1,710
Median Rent
$350,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three main-level commercial entrances and an apartment with appliances provide distinct areas within the property.
Where is this mixed-use property located?
The property is located at 29730 + lot US HIGHWAY 72 Athens, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,040‑square‑foot unfinished upstairs room with separate entrance; Three commercial entrances on the main level; Apartment with appliances and two full kitchens
