540 Hughes Rd Madison, AL 35758
- Medical offices
- 24,946 SF
- 2.42 lot acres
Current Use by Public Records
- TheresaKuhn / Reiki Therapist / Yoga Instructor
- Edward Jones - Financial Advisor: Brad Wallace, CFP® / Financial Consultant / Finance Broker
- Natures Way Chiropractic / Chiropractor
- Zaunklay Finnila / Medical Clinic / Family Practice Physician
- Julie Lindner / Counselor / Psychologist
Property Details for 540 Hughes Rd
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 2.42 lot acres
- Property size
- 24,946 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 16-02-09-2-000-063.004
- APU
- 1602092000063004
Description
This exceptional 24,946 square foot medical office building, constructed in 2009, is strategically located at 540 Hughes Rd, Madison, AL 35758. The property boasts a prime commercial zoning designation and features ample parking with 128 spaces available for tenants and visitors. Currently, there is 1,621 square feet of vacant space available for lease, ideal for a variety of medical or traditional office uses. The building's multiple tenancy structure offers flexibility and potential for diverse occupancy. The property's location in Madison, Alabama, provides convenient access to major transportation routes and a thriving community. The building's modern design and ample parking make it an attractive option for medical professionals and businesses seeking a well-maintained and functional workspace. The property's APN is 16-02-09-2-000-063.004. This is a fantastic opportunity to secure space in a high-demand area. The available space presents a unique chance to establish or expand a medical practice or office operation within a well-established and reputable building. Interested parties are encouraged to inquire about lease terms and availability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,195,000
- 6.5%
- $4,260,000
- 7%
- $4,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,345,000
- Geo Method
- $4,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,440,000
- Retail
- $3,935,000
- Mixed-Use
- $4,140,000
- Hospitality
- $4,765,000
- Educational
- $4,345,000
- Residential Income
- $4,000,000
- Energy
- $3,935,000
- Income-Based Land
- $4,380,000
- Food Service
- $4,610,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Alabama
- Longitude
- -86.7426
- Latitude
- 34.7108
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA