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    2801 Memorial Pkwy Huntsville, AL 35801

    For Lease
    Contact for pricing

    Prime Huntsville retail space, multiple options available.

    Lot size:
    647,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A commercial property, Parkway Place Mall, presents a unique investment opportunity in Huntsville, Alabama. Located at 2801 S Memorial Pkwy, this enclosed shopping center boasts a total of 647,808 square feet across three buildings, offering flexible spaces ranging from a minimum of 826 square feet to a maximum contiguous space of 25,000 square feet. The property features 88 total suites, ample parking with 2811 spaces, and convenient access via L and R Drive SW. Built in 1957 and extensively renovated in 2002, the two-story structure includes five elevators (traction and service for tenants) and all necessary power. The property sits on 34 acres of land in the Madison submarket of Madison County, zoned for commercial use. Key anchors include Belk and Dillard's, complemented by a diverse tenant mix of national, regional, and local brands such as Aerie, Zales Jewelers, Victoria's Secret, Chico's, Forever21, Build-A-Bear Workshop, Bath & Body Works, Torrid, and Hollister. This is an ideal location for businesses seeking high visibility and strong foot traffic in a thriving Huntsville community.

    Property Features for 2801 Memorial Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    647,808 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1957/2002
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    R191 - Boutique Ready
    Size
    1,499 SF

    HighLights

    • Parkway Place Mall, a 647,808 square foot Class A shopping center in Huntsville, AL, offers 88 suites ranging from 826 to 25,000 contiguous square feet.
    • The property features 2,811 parking spaces and convenient access.
    • Key anchors include Belk and Dillard's, with a diverse mix of national and local tenants.
    • Located on 34 acres in a prime Madison submarket, the property is zoned for commercial use.
    • Huntsville boasts a 19% population growth since 2010 and is projected to add over 19,000 jobs in five years.
    • Major employers include Redstone Arsenal (projected 50,000 employees by 2025), Cummings Research Park (projected 30,000 employees by 2025), and the new FBI headquarters and training campus (7,700 employees).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FYE Variety Store Forever 21 Clothing Store Express Men'S Clothing Store Hollister Co. Clothing Store Men's Wearhouse Men'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Dental Office Spa & Massage 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
    -86.5869811
    Latitude
    34.7075379

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    FAQs

    What type of property is this?
    Restaurant - Prime Huntsville retail space, multiple options available.
    Where is this restaurant located?
    The property is located at 2801 Memorial Pkwy Huntsville, AL.
    What are key features of this property?
    This property features: Parkway Place Mall, a 647,808 square foot Class A shopping center in Huntsville, AL, offers 88 suites ranging from 826 to 25,000 contiguous square feet.; The property features 2,811 parking spaces and convenient access.; Key anchors include Belk and Dillard's, with a diverse mix of national and local tenants.
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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
    2801 Memorial Pkwy Huntsville, AL 35801
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