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Retail Space in Ashley Furniture Building
For Lease
$5,208/Mo NNN (Triple Net)

3020 S Memorial Parkway, Huntsville, AL 35801

COMMERCIAL - Huntsville, AL

Space SizeContact for details
Property Size54,929 SF
Days on Market49

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 4 Last Checked: Aug 5 at 10:06AM
MLS# 21921238

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Investment Insights

Based on property information with market context.

This retail opportunity comprises approximately 2,500 square feet within the 54,929-square-foot Ashley Furniture building. The space is offered for lease as part of the larger commercial property and is identified as retail space.

The property is located at 3020 S Memorial Parkway in Huntsville, Alabama, within the 35801 ZIP Code. Lease structure is NNN, providing a defined framework for occupancy within the existing building.

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

1,683
Businesses Nearby
625k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 34% Dining 26% Superstores 17% Shops & Services 11%
Walmart Superstores
109,102 visits/mo 0.5 miles
Belk Apparel
80,537 visits/mo 0.1 miles
Dillard's Apparel
69,382 visits/mo 0.3 miles
Academy Sports + Outdoors Apparel
60,830 visits/mo 0.2 miles
Whole Foods Market Groceries
40,585 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

$11.47 /SF/Yr
Avg Asking Price
$0.96–$29.98 /SF/Yr
Price Range
18,489 SF
Avg Space Size

This space is priced 90% below the average of $11.47 /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 lease within the Ashley Furniture building on South Parkway in Huntsville.
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 $5,208/Mo.
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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