6140 University DrHuntsville, AL 35816

Property Details for 6140 University Dr

Year built

1995

Construction

MIXED

Lot size

5.17 AC

Property size (Sq ft)

41,236 SF

Property type

Retail properties

Property subtype

Strip malls

APN

14-09-30-3-000-018.006

APU

1409303000018006

Description

This exceptional retail opportunity is located within the vibrant Enterprise Plaza shopping center, a newly renovated Walmart-anchored center boasting 240,699 square feet of retail space. Currently, a single suite of 3,200 square feet is available for lease. The center enjoys a prime location on University Drive, benefiting from a high daily traffic count of 52,204 vehicles. This ensures maximum visibility and accessibility for your business. Enterprise Plaza is strategically situated near MidCity, a 140-acre mixed-use development, and the popular Bridge Street Town Center, providing excellent synergy and a large potential customer base. The center features a strong co-tenancy lineup including established national brands such as Walmart, Petco, Wendy's, and McDonald's, further enhancing its appeal and drawing significant foot traffic. The property is a Class B building constructed in 1994 and offers ample parking with 880 spaces available for customers and employees. This is an ideal location for businesses seeking high visibility, strong co-tenancy, and a thriving retail environment. Don't miss this chance to establish your business in a premier location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,820,743

  6.5%

  $11,834,532

  7%

  $10,989,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,926,666

  Geo Method

  $20,269,606

• Alternative Use

  Use

  Valuation

  Residential

  $9,982,870

  Hospitality

  $9,144,256

  Educational

  $7,607,914

  Medical

  $7,869,561

  Retail

  $11,834,532

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7463

Longitude

-86.6773

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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