97 Hughes RdMadison, AL 35758

Property Details for 97 Hughes Rd

Year built

2005

Lot size

3.67 AC

Property size (Sq ft)

31,344 SF

Property type

Retail properties

Property subtype

Strip malls

APN

16-05-16-0-001-001.006

APU

1605160001001006

Description

Madison Market, located at 97 Hughes Rd in Madison, Alabama (zip code 35758), offers exceptional retail opportunities in a thriving community. This multiple-tenancy retail center boasts excellent visibility and accessibility, situated directly off a major thoroughfare in Madison County. Two spaces are currently available, ranging in size from 950 square feet to 9,200 square feet, providing flexibility for various retail concepts. The center enjoys a strong tenant mix, including established businesses such as hair and nail salons, a pediatric medical practice, a daycare center, and a gift shop, creating a vibrant and diverse retail environment. Its convenient location near historic Downtown Madison offers easy access to a substantial customer base. Furthermore, the property's proximity to the Town Madison development and Toyota Field provides additional exposure to a large population of residents and visitors. This prime retail location presents a unique opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area of Alabama. The property's strategic placement ensures significant foot traffic and convenient access for customers. The existing tenant mix provides a synergistic environment, attracting a diverse range of shoppers. This is an ideal location for businesses looking to establish a strong presence in a thriving community with excellent growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $9,745,207

  6.5%

  $8,995,576

  7%

  $8,353,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,866,171

  Geo Method

  $15,407,181

• Alternative Use

  Use

  Valuation

  Residential

  $7,588,105

  Hospitality

  $6,950,663

  Educational

  $5,782,870

  Medical

  $5,981,752

  Retail

  $8,995,576

Location Insight

City

Madison

County

Madison

State

Alabama

Latitude

34.6986

Longitude

-86.7403

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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