11607 Memorial Pkwy Huntsville, AL 35803
- Commercial real estate
- 60,050 SF
- 3.38 lot acres
Current Use by Public Records
- Life Storage - Huntsville / Moving And Storage Service / Moving Supply Store
- M & W Equipment / Food / Tire Shop
- Oak Mountain State Park Campground / Park
- lackland self storage / Self-Storage Facility
Property Details for 11607 Memorial Pkwy
- Year built
- 1990
- Lot size
- 3.38 lot acres
- Property size
- 60,050 SF
- Property type
- Commercial real estate
- APN
- 23-03-07-1-003-022.000
- APU
- 2303071003022000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $810,000
- 6.5%
- $900,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $750,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $915,000
- Retail
- $960,000
- Mixed-Use
- $905,000
- Hospitality
- $950,000
- Educational
- $755,000
- Residential Income
- $895,000
- Energy
- $980,000
- Income-Based Land
- $875,000
- Food Service
- $960,000
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5651
- Latitude
- 34.6187
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA