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1338 Old Monrovia Rd NW 2.02 Acres of Commercial Land Offered at $775,000 in Huntsville, AL 35806

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Investment Highlights

Near Mid-City development
Day Care, convenience, urgent care, Hotel, Strip Center

Near University Dr

Executive Summary

Excellent Development Opportunity in Prime area near mixed-use developments, and over 3,000 new apartment units (including over 900 luxury units). Convenient to Redstone Arsenal's main entrance, Cummings Research Park, The Village of Providence, restaurants, and Retail development. Easy access to Research Park Blvd. and I-565. Property is located in Madison County and has the ability to be annexed into the City of Huntsville.

1338 Old Monrovia Road Flyer - Revised

Property Facts

Price	$775,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Hospitality Apartment Units - Condo Health Club Hotel Medical Office Park Religious Facility Restaurant Storefront, Retail or Office Strip Center
No. Lots	1	Total Lot Size	2.02 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	No Zoning - Property is located in Madison County with no zoning and has the ability to be annexed into the City of Huntsville.

Price	$775,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Hospitality Apartment Units - Condo Health Club Hotel Medical Office Park Religious Facility Restaurant Storefront, Retail or Office Strip Center
Total Lot Size	2.02 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	No Zoning - Property is located in Madison County with no zoning and has the ability to be annexed into the City of Huntsville.

1 Lot Available

Lot

Price	$775,000	Lot Size	2.02 AC
Price Per AC	$383,663.37

Price	$775,000
Price Per AC	$383,663.37
Lot Size	2.02 AC

Description

Premier location with flexible and variety of use opportunities.

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Property Taxes

Parcel Number	14-09-30-2-000-008.000	Improvements Assessment	$11,140
Land Assessment	$13,380	Total Assessment	$24,520

Property Taxes

Parcel Number

14-09-30-2-000-008.000

Land Assessment

$13,380

Improvements Assessment

$11,140

Total Assessment

$24,520

(256) 656-2343

Contact

Phillip Drummond
Capstone Realty

Listing ID: 28126573
Date on Market: 6/15/2022
Last Updated:
Address: 1338 Old Monrovia Rd NW, Huntsville, AL 35806

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1338 Old Monrovia Rd NW, Huntsville, AL for sale Building Photo- Image 1 of 4 — 1338 Old Monrovia

1338 Old Monrovia Rd NW, Huntsville, AL for sale Building Photo- Image 2 of 4 — IMG_4930

1338 Old Monrovia Rd NW, Huntsville, AL for sale Building Photo- Image 3 of 4 — IMG_4931

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