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    Live-Work Corner Lot Property Title is generated by Realmo AI

    707 Winchester Road, Huntsville, AL 35811

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    Claim this Listing
    For Sale
    $359,900

    COMMERCIAL - Huntsville, AL

    Property size:
    1,915 SF
    Lot size:
    1.36 Acres
    Price / SF:
    $187/SF
    Added:
    Jun 18, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 707 Winchester Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    Size
    1,915 SF
    Lot size
    1.36 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Wood, Vinyl

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    Contact an agent
    Stephanie Schrimsher

    Listing agent Stephanie Schrimsher License #89392

    Listing office Re/Max Alliance 507 Drake Ave Ste A, Huntsville, AL

    Listing date Jun 18, 2026

    MLS# 21912770

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.40‑acre corner lot with option to subdivide and build behind a business
    • Full basement (~2,000 sqft; not included in finished sqft) for extra usable space
    • Public water and septic tank service
    • Wood and vinyl flooring throughout
    • Solid wood kitchen cabinets and a security system

    Overview

    This for-sale live-work and commercial-flex property includes a well-built, well-maintained home with a full basement. The basement is approximately 2,000 square feet and is not included in the stated finished square footage. The residence is described as move-in ready while allowing for updates, and features solid wood kitchen cabinets and a security system.

    The property sits on a 1.36-acre corner lot in Huntsville, Alabama, in Madison County. Public remarks note no zoning restrictions, along with the option to subdivide and build behind a business.

    For tenants, buyers, or operators looking for a single site that can support either residential use or a live-work arrangement, this layout offers a built-in foundation for day-to-day space alongside the large basement area for additional storage or flexible use. For those planning a phased approach, the stated ability to subdivide and develop additional space behind the primary structure may be useful in matching changing operational needs, subject to applicable requirements.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $38.4k $20.04
    − Vacancy −$5.8k −$3.01
    EGI $32.6k $17.03
    − OpEx −$8.2k −$4.26
    NOI $24.5k $12.78
    1,915 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $349.5K
    $305.8K – $407.8K (±1% cap)
    NOI $24,465 @ 7.0% cap · market cap 6.80%
    Second Best
    Mixed Use
    $330.3K
    $289.1K – $385.4K (±1% cap)
    NOI $23,124 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    Office A
    $498.7K
    $436.3K – $581.8K (±1% cap)
    NOI $34,907 @ 7.0% cap · market cap 9.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.546474
    Latitude
    34.793412

    FAQs

    What type of property is this?
    Live-work space - Versatile live-work setup on a corner lot with a full basement and stated lack of zoning restrictions.
    Where is this live-work space located?
    The property is located at 707 Winchester Road Huntsville, AL.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: 1.40‑acre corner lot with option to subdivide and build behind a business; Full basement (~2,000 sqft; not included in finished sqft) for extra usable space; Public water and septic tank service
    More about this property
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