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Property profile & analytics
FOR SALE
Drive through restaurants

1316 Us Highway 72 E Athens, AL 35611

3,886 SF 1.35 ac lot Built 2006
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US03-2893244
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Athens, Alabama. Located at 1316 US Highway 72 E, this property boasts a sizable lot ranging from 0.8 to 1.32 acres, providing ample space for development. The strategic location offers significant advantages, including signalized access directly from Highway 72, as well as convenient access points at Eidson Street and Audubon Lane. This ensures high visibility and easy accessibility for potential businesses. The property's proximity to the new Toyota/Mazda plant (just 8 miles away) presents a compelling investment case, anticipating increased demand for commercial services and infrastructure in the area. High traffic counts further enhance its appeal, with 35,840 AADT on Highway 72 and 31,170 AADT on I-65. This translates to significant potential for high foot traffic and customer reach. The land is ideally suited for a variety of commercial ventures, including hotels and smaller businesses, making it a versatile and attractive option for developers and investors seeking to capitalize on the growth spurred by the automotive plant's opening. Fifteen developed commercial lots are available, providing flexibility in development plans. This is a rare opportunity to secure a prime location in a rapidly developing area. Don't miss out on this chance to be part of Athens' exciting future.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2006
Construction FRAME
Total area 3,886 SF
Lot 1.35 ac (58,826 SF)
APN 1005152000002016
UPID US03-2893244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bojangles Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bo Athens, LLC · 21 yrs held
Bo Athens, LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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