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    24497 Us-72 Athens, AL 35613

    For Sale
    $1,000,000

    High-visibility 2.65-acre commercial lot. Excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.65-acre commercial land parcel presents a remarkable development opportunity in Athens, Alabama. Strategically located on Highway 72, the property boasts 180 feet of high-visibility frontage, ensuring maximum exposure for any future development. Currently un-zoned, this versatile site offers a wide range of potential uses, including single-tenant occupancy such as day care centers, urgent care facilities, medical offices, attorney offices, retail spaces, or multi-family dwellings. The property's proximity to Interstate 65 (approximately 2.5 miles east) provides convenient access to major transportation routes. Adding to its appeal, the property includes a substantial existing 2,600 square foot metal building and a billboard, generating current rental income. A house is also situated on the property, further contributing to the existing revenue stream. This is an exceptional opportunity to acquire a prime commercial property with significant income potential and high visibility in a rapidly growing area. The asking price for this unique offering is $1,000,000. The property is located at 24497 US-72, Athens, AL 35613, in Limestone County.

    Property Features for 24497 Us-72

    General Information

    Property type
    Land
    Lot Size
    115,434 SF

    HighLights

    • Unzoned land.
    • 180 feet of highway frontage on Hwy 72.
    • Generating rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Nail Salon Auto Parts Store Gym & Fitness Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.891382
    Latitude
    34.7676303

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    FAQs

    What type of property is this?
    Land - High-visibility 2.65-acre commercial lot. Excellent development potential.
    Where is this land located?
    The property is located at 24497 Us-72 Athens, AL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Unzoned land.; 180 feet of highway frontage on Hwy 72.; Generating rental income.
    Request Owner's contact information
    24497 Us-72 Athens, AL 35613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24497 Us-72 Athens, AL 35613
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