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    1991 Highway 72 Huntsville, AL 35811

    Sponsored
    For Sale
    Contact for pricing

    Four 1-acre pads, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents four individual 1.06-acre pads, totaling up to 2.12 acres when combined. Strategically located on Highway 72 East in Huntsville, Alabama, this property boasts unparalleled visibility in an affluent area with approximately 32,000 vehicles passing daily. Traffic counts have experienced a significant 33% increase since 2016, indicating a robust and growing market. The site's prime location offers exceptional access to a substantial consumer base. These out-parcels are adjacent to the new 324-unit Waterleaf at Cold Springs multifamily development, ensuring a built-in customer base. Furthermore, the property's proximity to Chase Commercial Park, a five-million-square-foot industrial park employing over 4,500 people, provides a strong workforce and significant consumer draw. Within a 2.7-mile radius, five multifamily projects totaling 1,654 units have recently been completed or are currently under construction, further solidifying the area's growth and potential. Madison County zoning applies. This is an unparalleled opportunity to establish a thriving business in a high-demand location.

    Property Features for 1991 Highway 72

    General Information

    Property type
    Land

    HighLights

    • Four 1.06‑acre buildable pads, combinable up to 2.12 acres.
    • High‑visibility location in affluent area with 32,000+ vehicles per day (33% traffic increase since 2016).
    • Outparcels to a new 324‑unit multifamily development.
    • Less than one mile from a 5M SF industrial park employing over 4,500.
    • Proximity to 1,654 multifamily units (recently completed or under construction within 2.7 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -86.5184803
    Latitude
    34.7723886

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    FAQs

    What type of property is this?
    Land - Four 1-acre pads, high-traffic location.
    Where is this land located?
    The property is located at 1991 Highway 72 Huntsville, AL.
    What are key features of this property?
    This property features: Four 1.06-acre buildable pads, combinable up to 2.12 acres.; High-visibility location in affluent area with 32,000+ vehicles per day (33% traffic increase since 2016).; Outparcels to a new 324-unit multifamily development.
    Request Owner's contact information
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    Huntsville, AL 35811
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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
    1991 Highway 72 Huntsville, AL 35811
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