12310 Memorial PkwyHuntsville, AL 35803

Property Details for 12310 Memorial Pkwy

Year built

1988

Lot size

0.23 AC

Property size (Sq ft)

4,140 SF

Property type

Retail properties

APN

23-04-18-0-002-013.000

APU

2304180002013000

Description

This vacant, 4,140 square foot commercial building presents a unique investment opportunity in Huntsville, Alabama. Located at 12310 Memorial Pkwy SW, this property boasts high visibility on a major thoroughfare within the rapidly expanding Huntsville market. Built in 1988, the single building sits on a 0.23-acre lot (APN: 23-04-18-0-002-013.000) and is zoned for retail, office, and industrial uses, offering exceptional flexibility for a variety of businesses. Its executive office and warehouse space combination caters to diverse operational needs. The property's prime location in Madison County, zip code 35803, ensures easy access to major amenities and a large pool of potential employees and customers. This is an excellent chance to capitalize on Huntsville's thriving economy and establish a strong presence in a high-traffic area. The asking price is $619,000. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business requirements. This presents a rare opportunity to acquire a well-situated commercial property in one of Alabama's fastest-growing cities. The property's versatility, location, and asking price make it an attractive investment for both established businesses and new ventures seeking a strategic foothold in the Huntsville market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,173

  6.5%

  $1,188,160

  7%

  $1,103,291

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,699,398

  Geo Method

  $2,035,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,257

  Hospitality

  $918,062

  Educational

  $763,817

  Medical

  $790,086

  Retail

  $1,188,160

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6066

Longitude

-86.5653

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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