732-856-4349
1005 W Market St, Athens, AL for Sale
Health Care - FOR SALE
1/17
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1005 W Market St
Athens, AL 35611


HIGHLIGHTS

  • Significant Value-Add Upside: Month-to-month tenancy creates flexibility to extend terms, raise rents, restructure leases, and reposition space.
  • Directly Adjacent to Athens-Limestone Hospital: Prime medical location with established patient flow, physician traffic, and strong visibility.
  • Directly Adjacent to Athens-Limestone Hospital: Prime medical location with established patient flow, physician traffic, and strong visibility.
  • 48,619 SF Medical Office Building: Meaningful scale for an investor seeking a repositioning opportunity in the growing Huntsville metro.
  • Recent Capital Improvements: New roof completed in 2025 at an approximate cost of $450,000, plus a refreshed exterior and improved curb appeal.
  • Recent Capital Improvements: New roof completed in 2025 at an approximate cost of $450,000, plus a refreshed exterior and improved curb appeal.

OVERVIEW

Zeustra is pleased to present the exclusive opportunity to acquire 1005 W Market Street, a 48,619-square-foot multi-tenant medical office building located directly adjacent to Athens-Limestone Hospital in Athens, Alabama. The property offers a compelling value-add medical office opportunity, with Huntsville Hospital serving as the primary anchor tenant and a significant portion of the remaining tenancy currently operating on month-to-month terms. This lease structure provides a new owner with substantial flexibility to restructure and extend leases, mark rents toward market, reposition available space, and drive meaningful NOI growth over time. A major differentiator is the property’s direct adjacency to Athens-Limestone Hospital, creating a highly strategic location for existing and prospective medical users with immediate proximity to hospital services, physicians, patients, and complementary healthcare uses. The asset also benefits from recent capital investment, including a new roof completed in 2025 at an approximate cost of $450,000 and a recently refreshed exterior, allowing investors to focus capital and attention on leasing and income growth rather than near-term exterior improvements. Located within the rapidly expanding Huntsville metropolitan area, Athens has experienced significant population growth and continues to benefit from the broader westward expansion of Huntsville and Madison. The combination of hospital-campus positioning, institutional healthcare tenancy, near-term leasing optionality, and strong regional growth creates multiple avenues for a new owner to increase income and long-term asset value.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Athens Hospital-Adjacent Medical Office

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

179

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

10-03-08-2-001-017.001

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.