620 Stevens AveHuntsville, AL 35801

For Lease
$22.56/SF/YR View listing
  • Turn key restaurants
  • 3,128 SF

Property Details for 620 Stevens Ave

Year built
1950
Construction
MIXED
Lot size
0.17 AC
Property size (Sq ft)
3,128 SF
Property type
Turn key restaurants
APN
14-07-25-4-007-015.000
APU
1407254007015000

Description

This exceptional restaurant opportunity is located in Huntsville's vibrant Historic Five Points area, boasting a daily traffic count of 13,100 vehicles. The 3,128 square foot building sits on a 1.7-acre lot and is zoned C1. Previously home to the PoBoy Factory, this single-tenant property features two public entrances, each with convenient restroom access. A total of four restrooms are available. The south entrance leads to a secondary dining room, while the north entrance opens to a spacious area centered around an attractive serving bar and mirror. A dedicated beverage station with alcoves is also included, perfect for drink fountains and brewing equipment. The kitchen comprises two main rooms: one for storage and preparation, and the other for cooking, equipped with a large vent hood. Upstairs, three rooms offer versatile space, potentially suitable for an owner's apartment, private events, or employee break room. This upper level includes a main room with porch access overlooking the parking lot and Andrew Jackson Way, two additional rooms with closet space, and a bathroom with a shower. This property presents a unique chance to establish or relocate a restaurant in a high-traffic, desirable location. The property is situated near Andrew Jackson Way. This is a truly remarkable opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $972,531
    6.5%
    $897,721
    7%
    $833,598
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,283,990
    Geo Method
    $1,537,572
  • Alternative Use

    Use
    Valuation
    Residential
    $757,261
    Hospitality
    $693,647
    Educational
    $577,106
    Medical
    $596,954
    Retail
    $897,721
620 Stevens Ave, Huntsville, Alabama

Location Insight

City
Huntsville
County
Madison
State
Alabama
Latitude
34.7447
Longitude
-86.5769
CBSA code
26620
CBSA name
HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,167
$17,060
$20,300
$37,360
-
$85,300
$101,500
$186,800

FAQs

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