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Property profile

5150 Meridian St Huntsville, AL 35810

OFF-MARKET
Land
Property ID
US03-0058201
51 ac lot

Property summary

AI-generated overview

This exceptional 51-acre tract presents a remarkable development opportunity in Huntsville, Alabama. Strategically located east of Memorial Parkway, behind Bennett Nursery, and north of Winchester Road, this property boasts 670 feet of frontage on Meridian Street. The land offers a unique blend of zoning classifications, ideal for diverse development projects. Approximately 18 acres are designated as Light Industry, providing ample space for commercial ventures. The remaining 33 acres are zoned R-1 and R-2 Residential, allowing for the creation of residential communities. Madison County assessment records indicate roughly 23 acres of open land. This prime location is just one mile from a rapidly expanding commercial area, anchored by a new Food City and other developing properties, promising significant future growth and value appreciation. The property's size and zoning flexibility make it an attractive investment for developers seeking a mixed-use project in a high-growth area. This is a rare opportunity to acquire a substantial land parcel with significant development potential in a thriving Huntsville location. The property will be sold via a simultaneous live and online auction on Saturday, October 5, 2024, at 10:00 AM, held on-site.

Property profile

Verified
Property type Land
Lot 51 ac (2,221,560 SF)
UPID US03-0058201

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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