6767 Old Madison PikeHuntsville, AL 35806

Property Details for 6767 Old Madison Pike

Year built

1989

Construction

MIXED

Lot size

10.20 AC

Property size (Sq ft)

46,860 SF

Property type

Office properties

Property subtype

Office buildings

APN

17-03-07-2-000-007.000

APU

1703072000007000

Description

Progress Center offers exceptional office space in Huntsville, Alabama's thriving Cummings Research Park Area. This five-building complex totals 221,259 square feet of Class B office space, featuring single-story buildings with multiple tenancy options. Two immediately available suites range from 6,260 to 6,589 square feet, ideal for businesses requiring flexible and professional space. The property is strategically located at 6767 Old Madison Pike, conveniently situated across from Bridge Street Town Centre and less than two miles from Redstone Arsenal's Gate 9. Its location at the intersection of Research Park Boulevard and I-565 provides easy access to major transportation arteries. The RPA (Research Park Applications District) zoning ensures suitability for a variety of businesses. The surrounding area boasts an abundance of amenities, including hotels, restaurants, entertainment venues, and shopping options, creating a convenient and attractive environment for employees and clients. This is an excellent opportunity for government contractors or any business seeking a high-visibility location with growth potential in a dynamic research park setting. The property is zoned RPA - Research Park Applications District.

• CAP approach

  CAP return

  Valuation

  6%

  $9,911,094

  6.5%

  $9,148,702

  7%

  $8,495,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,633,024

  Geo Method

  $9,140,512

• Alternative Use

  Use

  Valuation

  Residential

  $11,344,391

  Hospitality

  $10,391,401

  Educational

  $8,645,524

  Medical

  $8,942,857

  Retail

  $13,448,593

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7095

Longitude

-86.6745

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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