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Palacio Plaza 2008 Memorial Pky S 21,110 SF 100% Leased Retail Building Huntsville, AL 35801 $3,000,000 ($142.11/SF)
INVESTMENT HIGHLIGHTS
- Near the corner of Governors Drive & South Memorial Parkway
- Rare Development Opportunity
- High Traffic Area
- Easy access to downtown Huntsville
EXECUTIVE SUMMARY
Development Opportunity! Located in the heart of Huntsville, AL, this 1.6-acre property sits on Memorial Parkway South with ±285 feet of frontage, just off the corner of Governors Drive and the Parkway. Formerly home to El Palacio, the site is zoned for heavy industry and offers easy access to downtown Huntsville, major thoroughfares, and a range of retail, dining, and entertainment options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,110 SF
Building Class
C
Year Built
1958
Price
$3,000,000
Price Per SF
$142.11
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.59 AC
Opportunity Zone
Yes
Parking
165 Spaces (7.82 Spaces per 1,000 SF Leased)
Frontage
296’ on Memorial Pky
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-01-02-4-001-010.000 | Improvements Assessment | $251,980 |
| Land Assessment | $27,740 | Total Assessment | $279,720 |
PROPERTY TAXES
Parcel Number
17-01-02-4-001-010.000
Land Assessment
$27,740
Improvements Assessment
$251,980
Total Assessment
$279,720
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Palacio Plaza | 2008 Memorial Pky S
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