117 Longwood DrHuntsville, AL 35801

  • Office properties
  • 3,672 SF
For Lease
$18/SF/YR View listing

Property Details for 117 Longwood Dr

Year built
1945
Lot size
0.17 AC
Property size (Sq ft)
3,672 SF
Property type
Office properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
    $888,959
    Hospitality
    $814,281
    Educational
    $677,473
    Medical
    $700,772
    Retail
    $1,053,846
117 Longwood Dr, Huntsville, Alabama

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,718
$17,500
$63,840
$81,340
-
$87,500
$319,200
$406,700

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