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Retail Pad for Redevelopment 2007 Hughes Rd 2,772 SF Retail Building Madison, AL 35758 $2,500,000 ($901.88/SF)
Investment Highlights
- Shadow Anchored by Home Depot
- High Average Household Income of $139,000
- Less than a Mile from 550-acre Mixed-Use Development
- Traffic Count 44,900 VPD on 72 and 14,200 on Hughes Rd
Executive Summary
Ally Commercial Real Estate in conjunction with Bang Realty Alabama presents a re-development opportunity in the red hot Huntsville market:
Highlights:
• ±2.15 Acre Parcel Shadow Anchored by Home Depot
• Traffic Counts of 44,900 VPD on Hwy 72 and 14,200 on Hughes Rd
• Surrounded by TJ Maxx, Starbucks, Wendy’s, Sprouts, Hobby Lobby, Kohl’s, Aldi, Academy Sports etc.
• Former restaurant improvements in place (utilities, parking, grease trap, etc.)
• Huntsville/Madison, AL is One of the Fastest Growing Cities in the Country
Broker of Record:
Brian Brockman
Bang Realty, License: 119315
Highlights:
• ±2.15 Acre Parcel Shadow Anchored by Home Depot
• Traffic Counts of 44,900 VPD on Hwy 72 and 14,200 on Hughes Rd
• Surrounded by TJ Maxx, Starbucks, Wendy’s, Sprouts, Hobby Lobby, Kohl’s, Aldi, Academy Sports etc.
• Former restaurant improvements in place (utilities, parking, grease trap, etc.)
• Huntsville/Madison, AL is One of the Fastest Growing Cities in the Country
Broker of Record:
Brian Brockman
Bang Realty, License: 119315
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,772 SF
Building Class
B
Year Built
2004
Price
$2,500,000
Price Per SF
$901.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.15 AC
Zoning
C-4 - Highway Business District
Parking
28 Spaces (10.1 Spaces per 1,000 SF Leased)
Frontage
81’ on Hughes Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-08-28-1-001-014.000 | Improvements Assessment | $124,480 |
| Land Assessment | $148,620 | Total Assessment | $273,100 |
Property Taxes
Parcel Number
15-08-28-1-001-014.000
Land Assessment
$148,620
Improvements Assessment
$124,480
Total Assessment
$273,100
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Retail Pad for Redevelopment | 2007 Hughes Rd
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