15091 Al Highway 20Madison, AL 35756

Property Details for 15091 Al Highway 20

Lot size

2.95 AC

Property type

Land

Property subtype

Commercial land

APN

1802040000001014

APU

1802040000001014

Description

This exceptional Class A industrial property, situated on 8.75 acres in Madison, Alabama, offers 59,000 square feet of space, including 32,190 square feet of net rentable area. The single-story building, constructed in 2001, features 22-foot ceiling heights, three dock-high doors, and two loading docks. Approximately 8,000 square feet is dedicated to office space. Currently 50% occupied by Auburn University under a multi-tenant net lease agreement commencing August 1, 2024, with a 3% annual rent bump. The property boasts significant visibility from Interstate 565 and includes approximately one acre of concrete yard space. The building is equipped with LED lighting, a wet system sprinkler, and a 3-phase, 480V, 2000 AMP electrical service. The entire facility is air-conditioned. The property is for sale by owner and offers potential for expansion on the available land. The property is located at 15091 AL Hwy 20, Madison, AL 35756. Landlord will consider offers. Lease rate is $10.50 per square foot.

• Alternative Use

  Use

  Valuation

  Residential

  $31,109,196

  Hospitality

  $28,495,856

  Educational

  $23,708,218

  Medical

  $24,523,580

  Retail

  $36,879,452

Location Insight

City

Madison

County

Limestone

State

Alabama

Latitude

34.6366

Longitude

-86.8494

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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