4092 Memorial PkwyHuntsville, AL 35802

Property Details for 4092 Memorial Pkwy

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.30 AC

Property size (Sq ft)

37,248 SF

Property type

Office properties

Property subtype

Office buildings

APN

17-06-24-1-000-079.003

APU

1706241000079003

Description

This exceptional office property, the Hutcheson Center, offers 6,100 square feet of immediately available space within a larger 32,000 square foot building. Situated in the Victory Liberty Office Park, this Class B building boasts a prime South Huntsville location, providing unparalleled visibility and accessibility. Its convenient location is adjacent to Redstone Arsenal Gate 1 and Martin Road, offering direct access to Memorial Parkway and benefiting from high traffic counts. The property features a two-story building with abundant on-site parking (158 spaces) and elevator access. The space is suitable for a variety of office uses, including traditional office, executive office, coworking, and creative office setups. Utilities are included in the rental rate, which ranges from $18.00 to $20.00 per square foot. The property's Memorial Parkway frontage ensures high visibility, and its location within the office park places it near a multitude of restaurants and business services, making it an ideal location for government support offices or any business seeking a convenient and highly visible location. The 2.5-acre site offers ample space and easy access to major roadways. This is a rare opportunity to secure a well-located, versatile office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,878,114

  6.5%

  $7,272,106

  7%

  $6,752,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,067,326

  Geo Method

  $7,265,595

• Alternative Use

  Use

  Valuation

  Residential

  $9,017,411

  Hospitality

  $8,259,900

  Educational

  $6,872,140

  Medical

  $7,108,483

  Retail

  $10,689,995

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6766

Longitude

-86.5771

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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