12310 Memorial PkwyHuntsville, AL 35803

  • Retail properties
  • 4,140 SF
For Sale
$619,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
12310 Memorial Pkwy, Huntsville, Alabama

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

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
$2,218
$3,880
$34,360
$38,240
-
$19,400
$171,800
$191,200

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