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    3030 University Dr Huntsville, AL 35816

    For Sale
    $1,350,000

    10,783 SF Vacant Auto Shop, $1.35M

    Property size:
    10,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10,783-square-foot car wash facility, located at 3030 University Dr NW in Huntsville, Alabama, presents a compelling investment opportunity. Currently vacant, the property offers significant potential for redevelopment or conversion to alternative commercial uses. Situated on a 1.6-acre lot in Madison County (zip code 35816), this single-story building was constructed in 1989 and is zoned for Light Industry. The asking price is $1,350,000, translating to $125.20 per square foot. The property's substantial size and versatile zoning provide ample flexibility for a variety of commercial ventures. Its prime location in Huntsville offers excellent visibility and accessibility, making it an attractive prospect for entrepreneurs and investors seeking a high-return investment. The property's existing infrastructure provides a solid foundation for future development, minimizing initial setup costs. This is a rare chance to acquire a significant commercial property in a thriving Alabama market. Serious inquiries are encouraged to explore the full potential of this unique opportunity.

    Property Features for 3030 University Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    10,783 SF
    Lot Size
    69,696 SF

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    HighLights

    • 10,783 SF vacant car wash facility on a 1.6‑acre lot in Huntsville, AL.
    • Located at 3030 University Dr NW, Huntsville, AL 35816.
    • Light Industrial zoning allows for redevelopment or conversion.
    • Asking price: $1,350,000 ($125.20/SF).
    • Built in 1989, offering significant redevelopment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1 Stop Auto ... Used Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.61788118
    Latitude
    34.73516824

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    FAQs

    What type of property is this?
    Automotive property - 10,783 SF Vacant Auto Shop, $1.35M
    Where is this automotive property located?
    The property is located at 3030 University Dr Huntsville, AL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 10,783 SF vacant car wash facility on a 1.6-acre lot in Huntsville, AL.; Located at 3030 University Dr NW, Huntsville, AL 35816.; Light Industrial zoning allows for redevelopment or conversion.
    (256) 536-7777
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    3030 University Dr Huntsville, AL 35816
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    Huntsville, AL 35816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3030 University Dr Huntsville, AL 35816
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