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
1/8
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 second year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Owner pays condo dues of $175 per month, and property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, including HVAC, 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

$188 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

C-4

APN/PARCEL ID

14-09-32-2-000-058.000,14-09-32-2-000-069.000,14-09-32-2-000-070.000,14-09-32-2-000-084.000,14-09-32-2-000-086.000

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.