806 Governors DrHuntsville, AL 35801

Property Details for 806 Governors Dr

Year built

1963

Lot size

0.74 AC

Property size (Sq ft)

20,173 SF

Property type

Office buildings

APN

17-01-01-2-002-071.000

APU

1701012002071000

Description

This exceptional 20,000 square foot office building, located at 806 Governors Drive SW in Huntsville, Alabama, presents a unique investment opportunity. Built in 1963 and extensively renovated in 2018, this Class B property boasts a desirable location, just five minutes from downtown Huntsville and two minutes from the medical district. The building features one story over another, totaling two stories, and offers ample parking with 80 spaces. Convenient access to I-565 and Memorial Parkway ensures easy commuting. Currently configured as a coworking and creative office space, the building includes one elevator for convenient access to both floors. The 0.75-acre site is situated near a variety of shops, restaurants, and entertainment options, providing employees with a vibrant and convenient work environment. One available suite of 1,370 square feet is currently available. The building's interior includes six offices, along with shared bathrooms, a kitchen, and a breakroom, catering to the needs of a diverse workforce. This property offers a blend of classic charm and modern functionality, making it an ideal space for businesses seeking a thriving and well-connected location in Huntsville, Alabama. The property is located in Madison County, zip code 35801.

• CAP approach

  CAP return

  Valuation

  6%

  $4,266,678

  6.5%

  $3,938,472

  7%

  $3,657,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,285,980

  Geo Method

  $3,934,946

• Alternative Use

  Use

  Valuation

  Residential

  $4,883,704

  Hospitality

  $4,473,447

  Educational

  $3,721,856

  Medical

  $3,849,856

  Retail

  $5,789,553

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7208

Longitude

-86.5908

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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