220 Rhett AveHuntsville, AL 35801

Property Details for 220 Rhett Ave

Year built

1945

Lot size

0.22 AC

Property size (Sq ft)

3,672 SF

Property type

Office buildings

APN

17-01-01-4-002-052.000

APU

1701014002052000

Description

This exceptional opportunity presents two medical office suites for lease in Huntsville, Alabama's thriving medical district. Located in a Class B building constructed in 1945, this single-tenant property offers a total of 3,682 square feet across two stories. The building features one structure and is conveniently equipped with power. Currently, two individual suites are available. Suite C-7 offers 120 square feet of space and is available for $400 per month. Suite B-1 provides a larger space, also at 120 square feet, and is available for $525 per month. Both suites are ideal for medical professionals seeking a well-located, functional workspace. The property is situated in Madison County and includes water and utilities in the monthly rent. Internet access is negotiable. A one-month security deposit is required. This is a rare chance to secure prime medical office space in a desirable location. The building's age adds character, while its functionality and location provide significant advantages for medical practices. The individual suite sizes offer flexibility for various practice needs, making this property an attractive option for both established and emerging medical professionals. Inquire today to learn more about leasing options and secure your ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $776,644

  6.5%

  $716,902

  7%

  $665,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,132

  Geo Method

  $716,260

• Alternative Use

  Use

  Valuation

  Residential

  $888,959

  Hospitality

  $814,281

  Educational

  $677,473

  Medical

  $700,772

  Retail

  $1,053,846

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7178

Longitude

-86.58

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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