117 Longwood DrHuntsville, AL 35801
- Office properties
- 3,672 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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