Multi-Story Office Building Near
300 N Madison Street Athens, AL 35611
300 N Madison Street, Athens, AL, 35611
$675,000
For Sale
$675,000
Professional office building near Athens' historic downtown square.
Property Size2,700 SF
Price / SF$250
Days on Market183
Property Features for 300 N Madison Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Capstone Realty
(256) 604-6986
Listed by
Martie Robison · License #94479
(256) 604-6986
Source
Exitrealty
Added: Jan 15 Checked: Jul 16 at 5:04 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capstone Realty
Investment Insights
Based on property information with market context.
This multi-story, all-brick office building is located steps from Athens’ historic downtown square. The property is suited for legal, medical, financial, or professional services seeking proximity to the courthouse, local government, and downtown amenities. The building features a functional layout with six office suites, a conference room, reception area, kitchenette, and two restrooms. The property also has approximately 2700 unfinished square feet upstairs for expansion. Downtown Athens blends historic charm with modern growth and foot traffic.
Key Highlights
- Prime location steps from Athens' historic downtown square, courthouse, and local government.
- Multi‑story, all‑brick building suitable for legal, medical, financial, or professional services.
- Functional layout with six office suites, conference room, reception area, kitchenette, and 2 restrooms.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $20.04 |
| − Vacancy | −$8.1k | −$3.01 |
| EGI | $46.0k | $17.03 |
| − OpEx | −$11.5k | −$4.26 |
| NOI | $34.5k | $12.78 |
2,700 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.1K
$615.2K – $820.3K
NOI $49,216 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HDR
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Professional office building near Athens' historic downtown square.
Where is this office building located?
The property is located at 300 N Madison Street Athens, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime location steps from Athens' historic downtown square, courthouse, and local government.; Multi‑story, all‑brick building suitable for legal, medical, financial, or professional services.; Functional layout with six office suites, conference room, reception area, kitchenette, and 2 restrooms.
