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.