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    FOR SALE
    Retail properties & Spaces

    10116 Memorial Pkwy N, Huntsville, AL 35810

    4,800 SF 9.5 ac lot Built 1988
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US03-0604891
    Property summary
    AI-generated overview

    This exceptional 9.5-acre property, located at 10116 N Memorial Pkwy in Huntsville, Alabama (zip code 35810), presents a unique investment opportunity. Currently zoned R2B, this mixed-use parcel boasts 455 feet of road frontage along Memorial Parkway, offering significant visibility and accessibility. The property's strategic location is just south of the under-construction northern extension of Research Park Boulevard (SR-255), promising increased traffic and enhanced commercial potential. The city's proposed rezoning of neighboring properties to C4 further suggests future development opportunities. The site previously operated as a junkyard; existing buildings are sold "as is." This versatile land is suitable for a variety of commercial uses, including auto shops, warehouses, and retail establishments, making it an ideal investment for developers and entrepreneurs seeking a high-traffic location in a rapidly growing area of Huntsville, Madison County, Alabama. The property's size and location offer substantial potential for future development and significant return on investment. Latitude and longitude coordinates are 34.8201805, -86.5696676 respectively. The asking price for this exceptional property is $2,000,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
    Year built 1988
    Total area 4,800 SF
    Lot 9.5 ac (413,820 SF)
    APN 08-09-31-0-000-039.000
    UPID US03-0604891
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Davis Foreign Auto Parts Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $640k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $456k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Gary Bentley · 2 yrs held
    Gary Bentley
    since 2023
    Last sale
    $638,000
    1 recorded transaction
    2023
    $638,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $970,000 +113.6%
    Office building $765,000 +67.9%
    Retail stores $740,000 +62.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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