233 Stokes NW St Huntsville, AL 35805-2927
- Retail properties
- 13,786 SF
- 1.23 lot acres
Current Use by Public Records
- T N B Concrete / Concrete Contractor
- Advantage Container Solutions / Freight Forwarding Service
- Mhc & S Load Sell Co / Welder
Property Details for 233 Stokes NW St
- Year built
- 1962
- Construction
- MIXED
- Lot size
- 1.23 lot acres
- Property size
- 13,786 SF
- Property type
- Retail properties
- APN
- 17-01-02-2-001-082.000
- APU
- 1701022001082000
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $415,000
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Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.6049
- Latitude
- 34.7244
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
