5850 University Dr Huntsville, AL 35806

Property Details for 5850 University Dr

Year built

1995

Lot size

9.76 lot acres

Property size

15,361 SF

Property type

Retail space

APN

14-09-31-0-000-003.000

APU

1409310000003000

Description

University Plaza, a prime retail investment opportunity in Huntsville, Alabama, presents a unique chance to acquire space within a thriving shopping center. This two-building, single-story center boasts a highly desirable location on University Drive/Highway 72, a major retail corridor. The property enjoys exceptional visibility and accessibility, situated directly across from the Midcity District and on the perimeter of Cummings Research Park. Its strategic position offers convenient access to a significant population base, with Redstone Gateway just 3.5 miles away and Redstone Arsenal/Gate 9 only 4.5 miles distant. The center benefits from a substantial daily traffic count of 53,000 vehicles per day, ensuring high exposure for tenants. Currently, there is approximately 4,439 square feet of retail space available for lease. Strong co-tenancy adds to the property's appeal, with established businesses such as HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant already in place. Further enhancing the property's value is the presence of approximately 1,000 new multi-family units within a 3-mile radius, providing a robust and growing customer base. This exceptional retail center offers a compelling investment opportunity in a dynamic and rapidly expanding market. The available space presents a rare chance to establish a presence in one of Huntsville's most sought-after retail locations.

Location Insight

City

Huntsville

County

Madison

State

Alabama

Longitude

-86.6639

Latitude

34.7414

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments