15894 Lucas Ferry RdAthens, AL 35611

Property Details for 15894 Lucas Ferry Rd

Year built

1990

Lot size

11.00 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,514,182

  Hospitality

  $8,714,940

  Educational

  $7,250,728

  Medical

  $7,500,091

  Retail

  $11,278,909

Location Insight

City

Athens

County

Limestone

State

Alabama

Latitude

34.7873

Longitude

-87.0001

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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