223 Washington St Huntsville, AL 35801
- Warehouses
- 7,500 SF
- 0.34 lot acres
Current Use by Public Records
- Warehouses
Property Details for 223 Washington St
- Year built
- 1990
- Lot size
- 0.34 lot acres
- Property size
- 7,500 SF
- Property type
- Warehouses
- APN
- 14-07-36-3-002-019.000
- APU
- 1407363002019000
Description
223 Washington Street in Huntsville, Alabama offers exceptional office space in the vibrant Lewter District. This brand-new, five-story mixed-use building, slated for completion in 2025, provides flexible office suites ranging from 2,730 to 27,544 contiguous square feet. The building features a modern design and will be delivered as a "white box," allowing for complete tenant customization. Located in the heart of downtown Huntsville, the property boasts unparalleled walkability to a diverse array of restaurants, shops, and entertainment venues, ensuring a dynamic and convenient work environment. The building's prime location also presents excellent signage opportunities. While the building itself doesn't include on-site parking, ample covered parking is conveniently located within two blocks. The first floor will be dedicated to retail space, complementing the office spaces on floors two through five. The official groundbreaking ceremony for the Lewter District is scheduled for November 20th, 2024. This is a unique opportunity to secure space in a state-of-the-art building in a thriving downtown area. Contact us today to learn more about leasing options and availability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,870,000
- 6.5%
- $1,745,000
- 7%
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,720,000
- Geo Method
- $1,805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,640,000
- Retail
- $1,725,000
- Mixed-Use
- $1,930,000
- Hospitality
- $1,720,000
- Educational
- $1,815,000
- Residential Income
- $1,895,000
- Energy
- $1,540,000
- Income-Based Land
- $1,585,000
- Food Service
- $1,685,000
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5871
- Latitude
- 34.7333
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
