475 Providence Main StHuntsville, AL 35806

Property Details for 475 Providence Main St

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

27,456 SF

Property type

Office properties

Property subtype

Office buildings

APN

15-07-25-0-001-018.051

APU

1507250001018051

Description

This newly renovated, move-in ready medical office suite, totaling 2,940 square feet, is ideally situated at 475 Providence Main St NW in Huntsville, Alabama, within the Village of Providence. Its convenient location on the main corridor offers easy access to Highway 72/University Drive, placing it within close proximity to numerous restaurants, shops, and other businesses, as well as the residential areas of Providence. The space boasts five exam rooms, each equipped with plumbing, a centrally located nurses' station, and a large private office adaptable to various needs. A spacious reception area welcomes patients, while a well-appointed breakroom with kitchen appliances provides staff convenience. The property's design and amenities are well-suited for medical practices seeking a functional and comfortable workspace. This exceptional opportunity presents a chance to establish or expand a medical practice in a thriving and accessible location within Huntsville's vibrant community. The suite is currently vacant and ready for immediate occupancy. Located in Madison County, Alabama, zip code 35806.

• CAP approach

  CAP return

  Valuation

  6%

  $5,807,064

  6.5%

  $5,360,366

  7%

  $4,977,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,472,307

  Geo Method

  $5,355,568

• Alternative Use

  Use

  Valuation

  Residential

  $6,646,854

  Hospitality

  $6,088,483

  Educational

  $5,065,546

  Medical

  $5,239,758

  Retail

  $7,879,739

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7547

Longitude

-86.6922

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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