14621 Highway 231 431Hazel Green, AL 35750

Property Details for 14621 Highway 231 431

Year built

2016

Construction

WOOD

Lot size

0.98 AC

Property size (Sq ft)

6,150 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

04-06-24-0-000-001.003

APU

406240000001003

Description

This exceptional retail center, known as Hazel Green Centre, presents a prime opportunity for businesses seeking high visibility and convenient access. Located in the thriving Hazel Green community, this single-story building boasts a total of 6,210 square feet, divided into four suites. Currently, one suite is available, offering 1,562 square feet of versatile space ideal for a boutique, specialty store, or professional services. The property enjoys a highly desirable location along the busy Highway 231-431 corridor, ensuring significant exposure to a large volume of daily traffic. Its strategic placement in the heart of Hazel Green provides easy access for both local residents and visitors from the nearby Huntsville area. Hazel Green is experiencing rapid growth, making this an opportune investment in a dynamic and expanding market. The center offers ample parking with 50 spaces, ensuring convenient access for customers and employees. The existing tenant mix creates a synergistic environment, attracting a diverse customer base. This property is situated near Charity Lane in Madison County's Hazel Green submarket, offering excellent visibility and accessibility. The available space is perfect for businesses seeking a strong presence in a thriving community with high foot traffic and easy access to a major thoroughfare. Don't miss this chance to establish your business in a prime retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,612,932

  6.5%

  $1,488,860

  7%

  $1,382,513

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,552,749

  Geo Method

  $1,859,410

• Alternative Use

  Use

  Valuation

  Residential

  $1,488,860

  Hospitality

  $1,363,788

  Educational

  $1,134,656

  Medical

  $1,173,678

  Retail

  $1,765,020

Location Insight

City

Hazel Green

County

Madison

State

Alabama

Latitude

34.9455

Longitude

-86.5723

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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