18627 Huntsville Brownsferry Rd, Athens, AL 35611
This exceptional 20-acre property presents a remarkable development opportunity in Athens, Alabama. Located in Limestone County, at 18627 Huntsville Brownsferry Rd, zip code 35611, this land consists of two adjacent 10-acre parcels situated approximately three miles west of the new Buc-ee's on Highway 65. The property's strategic location offers convenient access to major roadways and amenities. Its zoning allows for the construction of multifamily dwellings, making it perfect for a build-to-rent townhome or apartment complex. Further enhancing its investment potential is a signed contract generating consistent monthly income of $950 from a Verizon cell tower lease. The property is also approximately two miles west of the new Buc-ee's on Huntsville Road and Highway 65. The sellers are open to exploring joint venture or partnership opportunities with qualified developers. The asking price for this exceptional development site is $799,000. This is a rare chance to acquire a significant parcel of land with substantial upside potential in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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