4820 University Dr - Retail CONDO FOR SALE


Huntsville, AL 35816- University/Research Park
$150,000 USD
256-652-0370
4820 University Dr, Huntsville, AL for Sale
$150,000 USD
Retail CONDO - FOR SALE
1/7
null | 10.02% Cap Rate

4820 University Dr
Huntsville, AL 35816
University/Research Park


HIGHLIGHTS

  • Heavy Traffic, 24 hours
  • Great visibility, new buildout
  • Strong and stable tenant in high demand product field

OVERVIEW

Unit 1 of Mission Square Condominium for sale at $150,000. Tenant is operating as Cloudy Dayz, a successful tobacco/vape retail store with two locations in Huntsville/Madison, Alabama. The lease is in its first year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

10.02%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

45,426 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

C4

APN/PARCEL ID

14-09-32-2-000-058.000

ASK ABOUT THIS PROPERTY

Leigh StephensStephens Real Estate ServicesMore Info
256-652-0370

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Leigh StephensStephens Real Estate ServicesMore Info
256-652-0370

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