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    3000 Memorial Pkwy Huntsville, AL 35810

    Sponsored
    For Sale
    $4,500,000

    62,565 SF Retail Center, High Growth Area

    Property size:
    62,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 62,565 square foot shopping center situated on a 7.1-acre corner lot in Huntsville, Alabama. Located at 3000 Memorial Pkwy NW, 35810, this Class B, single-story retail property boasts a prime location just minutes from downtown Huntsville and surrounded by a substantial residential population. Built in 1963 and renovated in 2015, the property features a multi-tenant occupancy with a 50% occupancy rate. Key tenants include Simply 10 and Value Village as anchors, with Title Max occupying one of two separate buildings on the site. Ample surface parking is available for customers and tenants. The property is zoned for Neighborhood Center use, offering significant value-add potential for a savvy investor. The asking price is $4,500,000, translating to $71.93 per square foot. This property offers a compelling combination of established tenants, convenient location, and considerable upside potential in a thriving market. The property's APN is 14-06-24-2-001-049.000. This is a rare opportunity to acquire a well-positioned retail center with strong anchor tenants and significant growth potential in a rapidly developing area of Huntsville.

    Property Features for 3000 Memorial Pkwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    62,565 SF
    Class
    B
    Lot Size
    309,276 SF

    Building Details

    Year Built/Renovated
    1963/2015
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic retail shops.
    • Corner lot with ample surface parking.
    • Anchored by Simply 10 and Value Village.
    • TitleMax located in a separate building.
    • Conveniently located minutes from Huntsville.
    • Prime location near major roads and a large residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amie's African Hair ... Hair Salon MK Wings II ... Restaurant Supreme Auto Brokers ... Used Car Dealer TitleMax Title Pawns Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.587485521563
    Latitude
    34.762721578803

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    FAQs

    What type of property is this?
    Lifestyle center - 62,565 SF Retail Center, High Growth Area
    Where is this lifestyle center located?
    The property is located at 3000 Memorial Pkwy Huntsville, AL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: High-traffic retail shops.; Corner lot with ample surface parking.; Anchored by Simply 10 and Value Village.
    Request Owner's contact information
    3000 Memorial Pkwy Huntsville, AL 35810
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    Huntsville, AL 35810
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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
    3000 Memorial Pkwy Huntsville, AL 35810
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