117 Longwood DrHuntsville, AL 35801

Property Details for 117 Longwood Dr

Year built

1945

Lot size

0.17 AC

Property size (Sq ft)

3,672 SF

Property type

Office buildings

APN

17-01-01-4-002-050.000

APU

1701014002050000

Description

This exceptional 1,970 square foot medical office space is ideally situated at 117 Longwood Drive SE in Huntsville, Alabama, zip code 35801. The property is part of a larger building totaling 5,860 square feet and is classified as a Class B retail and office building. Currently available for lease is a single-tenant space, perfect for a variety of medical practices or related businesses. The unit boasts a street-facing entrance providing excellent visibility and accessibility for patients and clients. Its prime location offers unparalleled convenience, being in close proximity to Huntsville Hospital, numerous restaurants, and shopping centers. Furthermore, its position within the heart of Huntsville's medical district ensures a high concentration of potential patients and a strong professional network. The property is also just minutes from Downtown Huntsville and Big Springs Park, offering employees and visitors access to recreational amenities and city attractions. A minimum three-year lease agreement is required. The monthly rent includes a base rent plus NNN and CAM charges, totaling approximately $756. This presents a unique opportunity to establish or expand a medical practice in a thriving and highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $776,644

  6.5%

  $716,902

  7%

  $665,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,132

  Geo Method

  $716,260

• Alternative Use

  Use

  Valuation

  Residential Income

  $888,959

  Hospitality / Lodging

  $814,281

  Institutional / Educational

  $677,473

  Healthcare / Senior Housing

  $700,772

  Retail / Commercial

  $1,053,846

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7179

Longitude

-86.5798

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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