15894 Lucas Fry Rd Athens, AL 35611-3927
- Warehouses
- 39,300 SF
- 11.00 lot acres
Current Use by Public Records
- Burcham Plastics / Plastic Fabrication Company
- Spencer Seed & Grain Inc / Farmers' Market
- Spenaco Inc / Plastic Fabrication Company
Property Details for 15894 Lucas Fry Rd
- Year built
- 1990
- Lot size
- 11.00 lot acres
- Property size
- 39,300 SF
- Property type
- Warehouses
- APN
- 1004182001018002
- APU
- 1004182001018002
Description
Exceptional investment opportunity: a 74,475-square-foot industrial warehouse in Athens, Alabama, listed at $2,100,000, offering an 8.00% cap rate. This property comprises two buildings situated on a 14.23-acre lot. Building One boasts 39,750 square feet, featuring 16- to 32-foot ceiling heights, three dock-high doors with levelers, two grade-level doors, a dry sprinkler system, insulated metal construction, a well-maintained office, and ample concrete yard space. Building Two offers 34,725 square feet, partially insulated metal construction, dock-high and grade-level loading, and a brick façade around the office area, along with additional concrete yard space. Both buildings benefit from 3-phase power. The property includes over 7 acres of excess land, ideal for future expansion or additional yard space. The seller is open to a leaseback agreement for up to 18 months at $2.25 per square foot, triple net (NNN). This presents a compelling opportunity for both investors and owner-users seeking a strong return and potential for future growth. The property features three dock-high doors.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Limestone
- State
- Alabama
- Longitude
- -87.0001
- Latitude
- 34.7873
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
