2820 15Th AveHuntsville, AL 35805

Property Details for 2820 15Th Ave

Year built

1989

Construction

MIXED

Lot size

0.53 AC

Property size (Sq ft)

3,619 SF

Property type

Office buildings

APN

17-01-11-2-001-021.000

APU

1701112001021000

Description

This exceptional 5,160-square-foot executive office building in Huntsville, Alabama, presents a unique investment opportunity. Located at 2820 15th Ave SW, this two-story property sits on a half-acre lot and offers a convenient location with easy access to major roadways. The building boasts 4,320 square feet of versatile general office space, perfectly suited for a variety of business needs. An attached 840-square-foot garage provides ample parking and additional storage space is available above the garage. The entire 5,160 square feet is currently vacant, providing immediate occupancy for a single tenant. The property's location in Madison County, with a 35805 zip code, ensures excellent visibility and accessibility for employees and clients alike. This is an ideal opportunity for a business seeking a prominent, well-maintained office space in a thriving Huntsville location. The property is ready for immediate occupancy and offers a blank canvas for a new tenant to customize the space to their specific requirements. The building's design and layout offer flexibility for various office configurations. This is a rare opportunity to acquire a fully vacant, well-located office building in a desirable area of Huntsville.

• CAP approach

  CAP return

  Valuation

  6%

  $765,434

  6.5%

  $706,555

  7%

  $656,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $589,499

  Geo Method

  $705,922

• Alternative Use

  Use

  Valuation

  Residential

  $876,128

  Hospitality

  $802,528

  Educational

  $667,694

  Medical

  $690,657

  Retail

  $1,038,635

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7097

Longitude

-86.6052

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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