3414 Governors Dr Huntsville, AL 35805
- Warehouses
- 146,227 SF
- 6.69 lot acres
Current Use by Public Records
- Kamado Ramen / Ramen Restaurant
- Vertiv Co / Electronics Company
- Oak River Design, LLC / Drafting Service
- Liberty Learning Foundation / Non-Profit Organization
- Oh Crêpe! / Dessert Shop / Ice Cream Shop
Property Details for 3414 Governors Dr
- Year built
- 1948
- Lot size
- 6.69 lot acres
- Property size
- 146,227 SF
- Property type
- Warehouses
- APN
- 17-02-03-1-003-026.000
- APU
- 1702031003026000
Description
This exceptional commercial property, located in Huntsville's vibrant Stovehouse District at 3414 Governors Drive, offers a unique opportunity for businesses seeking prime office or retail space. The Stovehouse, a revitalized century-old building, is a bustling entertainment center featuring eclectic restaurants, gourmet bars, event spaces, boutique shopping, and more. This single-story building boasts a total of 200,000 square feet, with 210,115 square feet currently available. Spaces are divisible down to 341 square feet, with a maximum contiguous space of 20,000 square feet, providing flexibility for various business needs. The property's location within the Stovehouse District ensures high visibility and foot traffic, benefiting from the area's lively atmosphere and diverse clientele. The Stovehouse actively engages its community with events such as discount days, free movie screenings, live music, and outdoor dining, creating a dynamic and attractive environment for businesses and customers alike. This is an unparalleled opportunity to establish your presence in Huntsville's most sought-after entertainment destination. The property is categorized as retail, office, and restaurant space, suitable for a wide range of businesses. Madison County location in the Downtown submarket offers easy access to major transportation routes and amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $910,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,230,000
- 6.5%
- $1,165,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,225,000
- Geo Method
- $1,275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,380,000
- Retail
- $1,180,000
- Mixed-Use
- $1,130,000
- Hospitality
- $1,330,000
- Educational
- $1,470,000
- Residential Income
- $1,105,000
- Energy
- $1,305,000
- Income-Based Land
- $1,505,000
- Food Service
- $1,205,000
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.6128
- Latitude
- 34.7212
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
