11850 Us-231 - Storefront Retail/Office FOR SALE


Meridianville, AL 35759
$5,900,000 USD
770-312-9840
11850 Us-231, Meridianville, AL for Sale
$5,900,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.77% Cap Rate

11850 Us-231
Meridianville, AL 35759


OVERVIEW

Colliers is pleased to present Olympia Crossing, a best-in-class, +/- 16,020-square-foot new-construction, unanchored strip center strategically positioned in the rapidly expanding Huntsville, Alabama market. Situated along Highway 231/431 — a high-visibility corridor carrying in excess of 34,000 vehicles per day — the property is located within the Meridianville submarket, which has experienced extraordinary population growth of 122% from 2000 to 2025. Olympia Crossing benefits from a diversified, necessity-driven tenant roster comprised entirely of medical, restaurant, and service-oriented tenants, providing strong insulation against economic volatility. The property sits within immediate proximity to North Village Town Center, a $240 million mixed-use development headlined by Target and Home Depot, encompassing more than 500,000 square feet of retail. In addition, Huntsville Hospital has announced plans to develop a $50 million emergency room and imaging center on land adjacent to North Village Town Center — further anchoring the corridor as a regional destination. Additional upside is available through the lease-up of one remaining 1,400 SF vacancy, presenting an investor the opportunity to drive incremental NOI upon acquisition. The surrounding trade area reflects an affluent consumer base, with an average household income of $120,394 within a 3-mile radius. Olympia Crossing represents a compelling opportunity to acquire a recently constructed, strip center in one of the most sought-after growth markets in the Southeast — the Huntsville MSA, recognized as the 15th-fastest-growing metropolitan area in the nation.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olympia Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,891 SF

ZONING

-

APN/PARCEL ID

08-04-19-0-000-032.003

ASK ABOUT THIS PROPERTY

Henry KushnerColliersMore Info
770-312-9840

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Henry KushnerColliersMore Info
770-312-9840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.