3450 Highway 53Huntsville, AL 35806

Property Details for 3450 Highway 53

Year built

1987

Construction

MIXED

Lot size

1.80 AC

Property size (Sq ft)

3,750 SF

Property type

Outlet malls

APN

14-04-18-0-001-007.000

APU

1404180001007000

Description

This exceptional 1,200 square foot retail space, located at 3450 Highway 53, Unit F, in Huntsville, Alabama, presents a remarkable opportunity for businesses seeking high visibility and strong foot traffic. Situated within a larger 43,000 square foot retail center, this unit benefits from its construction in 2014 and its strategic location at the intersection of Highway 53 and Research Park Boulevard, a high-traffic area boasting over 40,000 vehicles daily. The property's prime location ensures excellent exposure to a diverse customer base. The surrounding area is anchored by a mix of established national and regional tenants, creating a synergistic environment for success. Furthermore, the proximity to newly constructed apartment complexes and the University of Alabama, Huntsville, contributes to a consistently high volume of pedestrian traffic, providing significant potential for increased customer engagement and sales. The asking price for this well-positioned retail space is $2,500. This is an ideal opportunity for businesses seeking a thriving location with strong visibility and a robust customer base. The unit is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,165,918

  6.5%

  $1,076,232

  7%

  $999,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,539,310

  Geo Method

  $1,843,317

• Alternative Use

  Use

  Valuation

  Residential

  $907,842

  Hospitality

  $831,578

  Educational

  $691,863

  Medical

  $715,658

  Retail

  $1,076,232

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7851

Longitude

-86.6614

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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