233 Stokes NW St Huntsville, AL 35805

This exceptional value-add investment opportunity presents a fully leased, 33,300 square foot industrial portfolio situated on a 2.38-acre lot at 233 Stokes St NW, Huntsville, AL 35805. The property comprises three buildings housing seventeen individual units, each averaging 1,800 square feet and boasting a blend of office and warehouse space. Each unit includes desirable features such as roll-up doors, air conditioning, and private bathrooms. Currently operating at 100% occupancy with month-to-month leases, this asset offers significant upside potential. Rents are substantially below market average (68% below), presenting a compelling opportunity for immediate and long-term income growth. The strategic location in downtown Huntsville, between the city center and Stovehouse, benefits from excellent access to major arteries I-565 and Highway 231, ensuring convenient connectivity for tenants. This property is ideally positioned to capitalize on Huntsville's robust growth, experiencing a remarkable 27% population increase over the past decade. The asking price is $3,500,000, translating to $105.11 per square foot and $205,882.35 per unit. This represents a rare chance to acquire a high-performing, multi-tenant industrial property with substantial value-add potential in a thriving market. The flexible lease terms allow for swift adaptation to market conditions, maximizing returns for the astute investor.