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    11607 Memorial Pkwy Huntsville, AL 35803

    For Sale
    $3,750,000

    High-Visibility Retail Space, 40,000 SF

    Property size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional retail property, located at 11607 Memorial Parkway Southwest in Huntsville, Alabama, presents a compelling investment opportunity. The 40,000 square foot building sits on a substantial 2.76-acre lot, offering ample space for parking or potential expansion. Its prime location in South Huntsville provides excellent visibility and accessibility, directly adjacent to Memorial Parkway. The area is experiencing significant growth and redevelopment, creating a strong market for commercial ventures. The property is currently configured for multi-tenant occupancy, with short-term leases in place for portions of the building, offering immediate cash flow and flexibility for future development. The substantial lot size allows for a variety of uses, including the possibility of a single large tenant or multiple smaller businesses. This property is ideal for investors seeking a high-visibility location with significant upside potential in a rapidly developing area. The asking price is $3,750,000. The property's zoning and current lease agreements are available upon request. This is a rare opportunity to acquire a well-positioned retail center in a thriving Alabama market.

    Property Features for 11607 Memorial Pkwy

    General Information

    Property type
    Retail properties
    Square Feet
    40,000 SF
    Lot Size
    120,226 SF

    HighLights

    • Ample land for substantial parking or storage.
    • Adaptable for single or multi‑tenant occupancy.
    • High visibility and direct access to Memorial Parkway.
    • Existing short‑term leases on portions of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life Storage - Huntsville Self-Storage Facility M & W Equipment Tire Shop Oak Mountain State ... Park lackland self storage Self-Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5661305
    Latitude
    34.6181572

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail Space, 40,000 SF
    Where is this retail property located?
    The property is located at 11607 Memorial Pkwy Huntsville, AL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Ample land for substantial parking or storage.; Adaptable for single or multi-tenant occupancy.; High visibility and direct access to Memorial Parkway.
    (256) 382-9010
    Request Owner's contact information
    11607 Memorial Pkwy Huntsville, AL 35803
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    Huntsville, AL 35803
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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
    11607 Memorial Pkwy Huntsville, AL 35803
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