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3016-3020 University Dr 28,034 SF 100% Leased Retail Building Huntsville, AL 35816 $2,100,000 ($74.91/SF) 7.62% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Located near Cummings Research Park, the second-largest research park in the U.S., home to over 100,000 high-tech workers.
  • 28,000 SF Plaza in the Huntsville, AL MSA
  • Huntsville MSA Ranks in the Top 25 Fastest Growing MSAs
  • The property is 100% leased
  • Ability to Push Rents
  • Located near Mid-City development & Orion Amphitheatre

EXECUTIVE SUMMARY

±28,034 SF Shopping Plaza in Huntsville, Alabama. Positioned along a primary commercial corridor in the Huntsville MSA, just east of the rapidly expanding MidCity District, this asset benefits from strong visibility and traffic counts. Huntsville continues to rank among the fastest-growing tech markets in the U.S., supported by major employment drivers including Redstone Arsenal (40,000+ employees), NASA’s Marshall Space Flight Center (7,000+ employees), and the recent addition of U.S. Space Force operations. With limited vacancy in surrounding retail centers, this property presents a compelling value-add opportunity for investors as spaces turn over. The current tenant mix includes regional and local operators such as Metro PCS and a well-established consignment furniture store, offering stable income and potential for repositioning. 7.6% Cap Rate is with January 2026 rents.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
28,034 SF
Building Class
B
Year Built/Renovated
1965/2000
Price
$2,100,000
Price Per SF
$74.91
Cap Rate
7.62%
NOI
$159,995
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.95 AC
Zoning
LI - Light Industrial
Parking
20 Spaces (0.7 Spaces per 1,000 SF Leased)

NEARBY MAJOR RETAILERS

Olive Garden
Dreamland  Bar-B-Que
Waffle House
Checkers
PNC Bank
Planet Fitness
Wings To Go
Taziki’s Mediterranean Café
Regions Bank
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-08-34-1-002-007.000
Land Assessment
$48,360
Improvements Assessment
$234,960
Total Assessment
$283,320
  • Listing ID: 38168532

  • Date on Market: 10/22/2025

  • Last Updated:

  • Address: 3016-3020 University Dr, Huntsville, AL 35816

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