2130 Redstone RdHuntsville, AL 35803

Property Details for 2130 Redstone Rd

Year built

2016

Construction

WOOD

Lot size

3.28 AC

Property size (Sq ft)

16,250 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

23-03-07-2-003-077.003

APU

2303072003077003

Description

Laurel Plaza, located at 2130 Redstone Rd SW in Huntsville, Alabama (zip code 35803), presents a unique opportunity for retail businesses. This 16,250 square foot retail center offers excellent visibility in South Huntsville, boasting a prominent location near numerous existing restaurants and retail establishments. The entire plaza is currently vacant, providing a blank canvas for a single tenant or multiple synergistic businesses. The property features ample parking, with a ratio of four spaces per 1,000 square feet. Situated in Madison County, Alabama, Laurel Plaza benefits from a strong local economy and convenient access to major roadways. The property's size and high visibility make it ideal for a variety of retail concepts, offering significant potential for growth and return on investment. The entire 16,250 square feet is available for lease, allowing for complete customization to suit a tenant's specific needs. This is a rare opportunity to establish a significant retail presence in a thriving Huntsville neighborhood. Interested parties are encouraged to inquire for further details and leasing information. The property's coordinates are 34.617765 latitude and -86.570015 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $4,261,813

  6.5%

  $3,933,981

  7%

  $3,652,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,102,791

  Geo Method

  $4,913,074

• Alternative Use

  Use

  Valuation

  Residential

  $3,933,981

  Hospitality

  $3,603,506

  Educational

  $2,998,074

  Medical

  $3,101,183

  Retail

  $4,663,671

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6178

Longitude

-86.57

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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