3005 L And N DrHuntsville, AL 35801

Property Details for 3005 L And N Dr

Year built

1985

Construction

MIXED

Lot size

0.56 AC

Property size (Sq ft)

11,058 SF

Property type

Office buildings

APN

17-01-12-3-001-054.000

APU

1701123001054000

Description

This exceptional two-story office building, located at 3005 L&N Drive SW in Huntsville, Alabama, 35801, offers a total of 8,375 square feet of versatile office space. The property boasts a convenient location near Huntsville's vibrant downtown business district, enjoying close proximity to the intersection of Drake Avenue and L&N Drive. Currently, there are three available office suites ranging in size from 1,900 to 3,000 square feet, providing flexibility for businesses of various sizes. A significant portion of the building is vacant, totaling 7,400 square feet, presenting a unique opportunity for a single tenant or multiple occupants to establish their presence in this desirable location. The building's multiple tenancy structure allows for diverse occupancy arrangements, catering to a wide range of business needs. This property represents a compelling investment opportunity in a thriving Alabama market. Its strategic location and substantial available space make it an ideal choice for companies seeking a prominent and accessible office environment in Huntsville's dynamic business landscape. The building's address is easily accessible and provides excellent visibility. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,338,815

  6.5%

  $2,158,906

  7%

  $2,004,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,801,237

  Geo Method

  $2,156,974

• Alternative Use

  Use

  Valuation

  Residential

  $2,677,044

  Hospitality

  $2,452,158

  Educational

  $2,040,166

  Medical

  $2,110,331

  Retail

  $3,173,592

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7046

Longitude

-86.585

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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