11310 Memorial PkwyHuntsville, AL 35803

Property Details for 11310 Memorial Pkwy

Year built

2009

Construction

WOOD

Lot size

1.35 AC

Property size (Sq ft)

8,625 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

23-03-07-2-003-003.014

APU

2303072003003014

Description

Magna Carta Place, located at 11310 Memorial Pkwy SW, Huntsville, AL 35803, presents a compelling retail investment opportunity. This established property comprises three single-story buildings totaling 22,400 square feet, situated on Memorial Parkway, a major thoroughfare in Huntsville. The property's strategic location between the expanding Hays Farm neighborhoods and Redstone Road ensures high visibility and accessibility for businesses. Currently, one retail space of 3,600 square feet is available. The property is zoned LI - Light Industry, allowing for a variety of retail uses, including strip center, neighborhood center, shopping center, and restaurant operations. The property's multiple tenancy structure offers flexibility for various business models. Its high traffic count and convenient access make it an ideal location for businesses seeking maximum exposure and customer reach within a thriving Huntsville community. The property's established presence and prime location offer a strong foundation for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,262,039

  6.5%

  $2,088,036

  7%

  $1,938,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,177,636

  Geo Method

  $2,607,708

• Alternative Use

  Use

  Valuation

  Residential

  $2,088,036

  Hospitality

  $1,912,630

  Educational

  $1,591,286

  Medical

  $1,646,012

  Retail

  $2,475,333

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6227

Longitude

-86.5678

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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