Listed by Freedom Real Estate and Capital LLC., Freedom Real Estate & Capital, LLC
$1,750,000
Retail Center in South Huntsville AL
Details
APN 66036
Property Type Retail, Land
Sub Type Shopping Center, Commercial
Square Footage 14,315
NOI $94,000
Tenancy Multi
Lease Type Net
Class C
Year Built 1956
Stories 1
Lot Size (SqFt) 52,500
Zoning Light Industry / Commercial
Investment Type Redevelopment
Ground Lease No
Neighborhood Retail in Thriving South Huntsville
Marketing description
Located across from the vibrant Hays Farm development in south Huntsville. As a long-established and desirable residential area, south Huntsville has been undergoing a wave of new investments and redevelopment in recent years. The newly built Grissom High School is nearby. This small retail center is partially vacant, yet is currently profitable with an annual NOI of $94,000. It also represents a solid opportunity for redevelopment or repositioning to take greater advantage of its location strengths. Please contact us for details on current tenant rents and leasing.
Investment highlights
- Across from Hays Farm, Home Depot, Lowe's
- High Visibility from S. Memorial Parkway
- Strong Daily Traffic Counts
- Currently Profitable with $94,000 NOI
- Poised for Redevelopment or Repostioning
- Front and Rear Drive Access
- Potential for Site Expansion
Listing Contacts
Listed by Freedom Real Estate and Capital LLC., Freedom Real Estate & Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,000.00
$7,833.33/mo
Valuation Metrics
0
DSCR
5.37%
Cap Rate
5.37%
ROI
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