5150 Meridian St Huntsville, AL 35810
- Commercial real estate
- 51.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5150 Meridian St
- Lot size
- 51.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 51-acre commercial land parcel presents a remarkable development opportunity in Huntsville, Alabama. Strategically located at 5150 Meridian Street, this property boasts 670 feet of frontage on Meridian Street, offering significant visibility and accessibility. The land is comprised of two distinct zoning classifications: approximately 18 acres are zoned for Light Industry, while the remaining approximately 33 acres are zoned R-1 and R-2 Residential, providing flexibility for a mixed-use development. Madison County assessment records indicate roughly 23 acres of open land. Situated east of Memorial Parkway and north of Winchester Road, behind Bennett Nursery, this location benefits from proximity to a burgeoning commercial area, including a new Food City and other developing properties, just one mile away. This property is being offered via a simultaneous live and online auction on Saturday, October 5, 2024, at 10:00 AM, held live on-site. The asking price of $2,750,000 is an estimate based on comparable recent sales and does not represent a minimum bid or reserve. This is a prime opportunity for investors and developers seeking a large-scale project in a rapidly growing area. The property's size, zoning versatility, and strategic location make it an ideal candidate for a variety of commercial and residential developments. Detailed zoning information and assessment records are available upon request. Don't miss this chance to acquire a significant piece of Huntsville real estate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- 01089
- State
- Alabama
- Longitude
- -86.563751
- Latitude
- 34.805484
