7904 Memorial PkwyHuntsville, AL 35802

Property Details for 7904 Memorial Pkwy

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

2,925 SF

Property type

Turn key restaurants

APN

18-09-30-2-000-065.000

APU

1809302000065000

Description

This exceptional 2,925 square foot restaurant space is available for sale at $595,000 ($203.42/sq ft). Located at 7904 Memorial Pkwy SW in Huntsville, Alabama (zip code 35802), this property presents a unique opportunity for redevelopment or immediate occupancy. The building, constructed in 1976, sits on a 0.59-acre lot and boasts 100 feet of frontage on South Memorial Parkway, a high-traffic area with a daily count of 58,300 vehicles. The single-story building is zoned for Light Industry, offering flexibility for various uses. The property's vacant status allows for immediate customization and adaptation to a new owner's vision. This prime location in Madison County, Alabama, offers excellent visibility and accessibility, making it an ideal investment for a discerning buyer seeking a high-return opportunity in a thriving market. The property's size and zoning provide ample potential for expansion or modification to suit a wide range of restaurant or other light industrial concepts. Don't miss this chance to acquire a well-situated commercial property in a bustling area of Huntsville.

• CAP approach

  CAP return

  Valuation

  6%

  $909,416

  6.5%

  $839,461

  7%

  $779,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,200,662

  Geo Method

  $1,437,787

• Alternative Use

  Use

  Valuation

  Residential

  $708,117

  Hospitality

  $648,631

  Educational

  $539,653

  Medical

  $558,213

  Retail

  $839,461

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6627

Longitude

-86.5719

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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