8883 Lime Quarry Rd Madison, AL 35758
- Turn key restaurants
- 6,180 SF
- 0.52 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 8883 Lime Quarry Rd
- Year built
- 1981
- Lot size
- 0.52 lot acres
- Property size
- 6,180 SF
- Property type
- Turn key restaurants
- APN
- 16-05-21-0-000-053.000
- APU
- 1605210000053000
Description
Madison Plaza offers a prime retail, office, and restaurant opportunity in a rapidly growing area of Huntsville/Madison, Madison County. This single-story, 6,000 square foot building, renovated in 2023, boasts a highly visible location at the intersection of Madison Boulevard and Wall Triana Highway, experiencing approximately 45,000 vehicles daily. The property features ample surface parking with 45 spaces, catering to both tenants and customers. The building is zoned for retail use and comprises four suites, with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 6,000 square feet; the entire 6,000 square feet is currently vacant. Built in 2001 on 0.8 acres, this property benefits from its proximity to approximately 5,000 new multi-family units within a three-mile radius, ensuring a strong customer base. The property is ideal for a variety of uses, including traditional office, medical office, and retail businesses seeking high visibility and convenient access. This is a rare opportunity to secure a significant presence in a thriving commercial corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $785,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $870,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $795,000
- Mixed-Use
- $715,000
- Hospitality
- $830,000
- Educational
- $640,000
- Residential Income
- $695,000
- Energy
- $665,000
- Income-Based Land
- $715,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Alabama
- Longitude
- -86.7501
- Latitude
- 34.6765
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA