2905 Bob Wallace AveHuntsville, AL 35805

Property Details for 2905 Bob Wallace Ave

Year built

1989

Construction

MIXED

Lot size

1.47 AC

Property size (Sq ft)

22,875 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

17-01-11-2-001-023.000

APU

1701112001023000

Description

This exceptional office property at 2905 Bob Wallace Ave SW in Huntsville, Alabama, 35805 offers multiple tenancy in a single-story Class B building. Two spaces are currently available, ranging from 1,400 to 3,450 square feet, making it ideal for a variety of businesses. The property is categorized as both traditional office and medical office space, providing versatility for diverse needs. Located in the Home Center, a neighborhood center, this property enjoys convenient access to major thoroughfares including Memorial Parkway, Redstone Arsenal, and I-565. This strategic location benefits from an established tenant base representing a mix of industries, including government contractors, e-commerce, medical device companies, and other office spaces. The property is designated as a HUB Zone, offering potential advantages for qualifying businesses. Lease rates are competitive and offered AS-IS, with no CAM fees. The flexible space is suitable for various uses, including office, medical, showroom, retail, assembly, or multipurpose/flex space. This presents a unique opportunity to secure well-located, adaptable office space in a thriving Huntsville neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $5,999,321

  6.5%

  $5,537,835

  7%

  $5,142,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,775,468

  Geo Method

  $6,916,096

• Alternative Use

  Use

  Valuation

  Residential

  $5,537,835

  Hospitality

  $5,072,627

  Educational

  $4,220,366

  Medical

  $4,365,511

  Retail

  $6,565,014

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7108

Longitude

-86.6046

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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