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12229822
26809813

Hawks Way NE, Huntsville, AL 35811

NH
AL 000110641
Keller Williams Realty Huntsville
Listed by Keller Williams Realty Huntsville
$4,450,000
1028 days on market
Updated 26 days ago

64+/- Acres Residential Land Near Downtown Huntsville, AL

Details
APN 13-04-20-0-003-003.076, 13-05-21-0-000-003.000, 13-05-21-0-000-002.000, 13-08-28-0-000-013.000, 13-08-28-0-000-019.000, 13-08-28-0-000-014.000, 13-09-29-1-000-001.001, 13-09-29-1-000-001.000, 13-09-29-1-000-037.000
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Acreage 64.000
Zoning R2A

Prime Residential Development Land with R2A Multifamily Zoning

Marketing description

This is one of the final opportunities to develop a significant tract of residential land within minutes of downtown Huntsville, Alabama - a booming national economic powerhouse. The 64+/- acres of prime residential development land is located off of Highway 72/Chapman Mountain in the heart of an already established premier neighborhood in North Alabama - Hawks Ridge.

The acreage is spread across 9 parcels, is uniquely zoned R2A and is approved for single family detached homes, churches, government use, townhomes, duplexes, and apartment complexes.

The land can accommodate a variety of different lot mixes. Recent concepts include 246 single family lots, 359 townhome lots, or a combination of the two at just under 300 lots.

There are three residential road access points to the land with existing public water, sewer, and electricity. Existing homes in the neighborhood range in value from $500,000 to well over $2 million, giving the future owner a wide variety of development options to maximize their return.

The investment opportunity enjoys one of the best locations in all of Huntsville and North Alabama. With unparalleled convenience, the site is easily accessed from I-565/Highway 72 and from the Five Points/Oakwood neighborhoods that feed into downtown Huntsville. In 4.5 miles and a less than 10 minute drive, you are in the center of downtown Huntsville/CBD, featuring high-end hotels, major event venues, restaurants, parks, and shopping. Other major economic centers - Research Park and Redstone Arsenal - are an easy 15 minute drive away.

Now offered with flexible purchasing options, the land can be acquired in three individual tracts—19 acres (Red Tail Lane access), 35.5 acres (central parcel), and 8.6 acres (High Mountain Road access) - each suited for distinct development strategies. However, this 64-acre full offering is priced at a meaningful discount compared to the sum of its parts, making it an exceptional opportunity for developers seeking scale, control, and long-term impact.

Huntsville and the greater North Alabama area’s economic growth has been nothing short of remarkable, attracting a host of new businesses and investments. Its strategic location, skilled workforce, world-class universities, and business-friendly policies have made it a hub for innovation and development. New business announcements, from tech giants like Blue Origin and Facebook, to innovative start ups, are regular occurrences and highlight the immense potential for commercial ventures.

Investment highlights

  1. Located in the City of Huntsville, ranked #1 place to live nationally by U.S. News & World Report

  2. Access from I-565/Highway 72 and downtown Huntsville/Five Points

  3. Zoned R2A, which includes multifamily dwellings

  4. Three existing residential road access points with water, sewer, and electric

  5. Large portion of acreage surrounded by protected Land Trust

  6. Sweeping city and nature views

  7. Seller open to subdivision of acreage

Listing Contacts

NH
AL 000110641
Keller Williams Realty Huntsville
Listed by Keller Williams Realty Huntsville

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