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Retail Space in Ashley Furniture Building
For Lease
$25 SF/Yr NNN

3020 S Memorial Parkway, Huntsville, AL 35801

Commercial Lease, Huntsville, AL

Space Size2,500 SF
Property Size54,929 SF
Days on Market80

Property Features for 3020 S Memorial Parkway

General Information

Property type Commercial Lease
Property subtype Retail
Directions Inside The Ashley Furniture Building On South Parkway In Huntsville. See Remarks.
Standard status Active
Size 54,929 SF
Listing Agency: Russ Russell Real Estate
Listed By: Russ Russell · License #25965
Added: Jun 18 Changed: Aug 20 Last Checked: Sep 5 at 6:06PM
MLS# 21921238

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Investment Insights

Based on property information with market context.

Approximately 2,500 square feet is available within the 54,929-square-foot Ashley Furniture building. The space is configured as a retail component of the larger property and is offered under an NNN lease structure.

The building is located at 3020 S Memorial Parkway in Huntsville, Alabama, with the available area positioned along the South Parkway corridor.

Key Highlights

  • Approximately 2,500 SF of retail space
  • Located within a 54,929 SF Ashley Furniture building
  • NNN lease structure

Property Analytics

Current Use

Huntsville Wholesale Big Box & Wholesale Store Ashley Store Furniture & Home Goods Wells Fargo ATM Atm

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop Food Market Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,760
Businesses Nearby
499k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 43% Superstores 22% Dining 17% Shops & Services 13%
Walmart Superstores
109,102 visits/mo 0.3 miles
Belk Apparel
80,537 visits/mo 0.5 miles
Dillard's Apparel
69,382 visits/mo 0.4 miles
Academy Sports + Outdoors Apparel
60,830 visits/mo 0.3 miles
Cracker Barrel Old Country Store Dining
28,190 visits/mo 0.2 miles

Demographics for 35801, AL

22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value

Market

Lease Benchmarks for Huntsville, AL

$7.64 /SF/Yr
Avg Asking Price
$1.14–$26.1 /SF/Yr
Price Range
31,730 SF
Avg Space Size

This space is priced 227% above the average of $7.64 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - NNN retail premises within a larger commercial building on S Memorial Parkway.
Where is this retail space located?
The property is located at 3020 S Memorial Parkway Huntsville, AL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Approximately 2,500 SF of retail space; Located within a 54,929 SF Ashley Furniture building; NNN lease structure
More about this property
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