Live-Work Corner Lot
707 Winchester Road Huntsville, AL 35811
For Sale
$359,900
COMMERCIAL - Huntsville, AL
Property Size1,915 SF
Lot Size1.36 Acres
Price / SF$187.94
Days on Market39
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
Listing Agency:
Re/Max Alliance
(256) 799-2999
Listed By:
Stephanie Schrimsher · License #89392
(256) 655-0698
Added: Jun 18
Last Checked: Jul 26 at 2:06AM
MLS# 21912770
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $24,465 @ 7.0% cap · market cap 6.80%
Second Best
Mixed Use
$330.3K
$289.1K – $385.4K
NOI $23,124 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
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
