Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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