ReDev Site Adj to Whole Foods, 100,000vpd | 2010-2012 Bob Wallace Ave SW
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ReDev Site Adj to Whole Foods, 100,000vpd 2010-2012 Bob Wallace Ave SW
10,050 SF Retail Building Huntsville, AL 35805 For Sale
Investment Highlights
- Exposure to over 100,000 cars per day on Hwy 231, Bob Wallace, Leeman Ferry
- Within 1 Mile of Huntsville Hospital (881 Beds / 9,000+ Jobs / Currently undergoing $150M Expansion)
- 10,000sf Building with 10 Roll-Up Doors, Great Redevelopment Possibilities and Ample Parking
- Within 150 Yards of Whole Foods, as well as Lululemon, Chuy's, ULTA, Mountain High Outfitters, etc.
- Within 3 miles (and on same street) as University of Alabama Huntsville (9,000 college students)
- Huntsville recently overtook Birmingham as the largest city in Alabama
Executive Summary
Prime Redevelopment Opportunity, For Sale or Lease within 150 yards of Whole Foods Market and exposure to over 100,000 cars per day on Bob Wallace Ave, Highway 231 and Leeman Ferry Road SW, within a Federal Opportunity Zone.
Property is currently home to attractive 10,000sf, 10-bay automotive repair building with 10 roll-up doors with ample storage and parking, which could easily be re-used for automotive purposes, or converted to upscale retail, restaurant, medical, fitness or entertainment uses.
Property could also be scraped for someone looking to bring in a premium QSR, gas station, carwash, hotel, office, or multifamily apartments.
Property is located in the center of several massive Huntsville institutions and new developments.
*0.1 Miles E - Whole Foods, Lululemon, ULTA, Chuy's, Char Steakhouse, Mountain High Outfitters, Cyclebar, Farm Burger
*0.3 Miles SE - Parkway Place Mall - Belk, Dillards, Carrabas, Children's Place, Victoria's Secret, Forever 21, American Eagle
*0.4 Miles NW - Lowe Mill ReDev & Skybridge Trailhead ($65M pedestrian bridge linking to Downtown - Construction starting in 2024)
*0.5 Miles E - Huntsville High School - 1,800+ Students on Bob Wallace Avenue
*0.8 Miles N - Huntsville Hospital - The 2nd Largest Hospital in AL with 881 beds / 9,000+ jobs, currently undergoing $150M expansion
*0.8 Miles S - Joe Davis Stadium (6,000 Seat Pro Soccer Stadium) & Stadium Commons Retail Development
*0.8 Miles S - John Hunt Park - 450ac, 18 soccer fields, 15 volleyball courts, 36 tennis courts, Ice Arena, Baseball/Softball Fields
*1.0 Miles N - Von Braun Center - HSV's premier multipurpose facility with 9,000 Seat Capacity Arena hosting concerts, sports, etc.
*3.0 Miles W - University of Alabama at Huntsville (UAH) - 8,000 Students on Same Street - B. Wallace Ave Becomes Sparkman Dr
*3.0 Miles W - Cummins Research Park - 2nd Largest in the WORLD - 300 Companies - Lockheed Martin, Blue Origin, Raytheon, IBM, etc.
NOTE: LOCATION IS CURRENTLY OCCUPIED BY AUTO REPAIR TENANT. PLEASE DO NOT COMMUNICATE WITH OR DISTURB EXISTING TENANT
Property is currently home to attractive 10,000sf, 10-bay automotive repair building with 10 roll-up doors with ample storage and parking, which could easily be re-used for automotive purposes, or converted to upscale retail, restaurant, medical, fitness or entertainment uses.
Property could also be scraped for someone looking to bring in a premium QSR, gas station, carwash, hotel, office, or multifamily apartments.
Property is located in the center of several massive Huntsville institutions and new developments.
*0.1 Miles E - Whole Foods, Lululemon, ULTA, Chuy's, Char Steakhouse, Mountain High Outfitters, Cyclebar, Farm Burger
*0.3 Miles SE - Parkway Place Mall - Belk, Dillards, Carrabas, Children's Place, Victoria's Secret, Forever 21, American Eagle
*0.4 Miles NW - Lowe Mill ReDev & Skybridge Trailhead ($65M pedestrian bridge linking to Downtown - Construction starting in 2024)
*0.5 Miles E - Huntsville High School - 1,800+ Students on Bob Wallace Avenue
*0.8 Miles N - Huntsville Hospital - The 2nd Largest Hospital in AL with 881 beds / 9,000+ jobs, currently undergoing $150M expansion
*0.8 Miles S - Joe Davis Stadium (6,000 Seat Pro Soccer Stadium) & Stadium Commons Retail Development
*0.8 Miles S - John Hunt Park - 450ac, 18 soccer fields, 15 volleyball courts, 36 tennis courts, Ice Arena, Baseball/Softball Fields
*1.0 Miles N - Von Braun Center - HSV's premier multipurpose facility with 9,000 Seat Capacity Arena hosting concerts, sports, etc.
*3.0 Miles W - University of Alabama at Huntsville (UAH) - 8,000 Students on Same Street - B. Wallace Ave Becomes Sparkman Dr
*3.0 Miles W - Cummins Research Park - 2nd Largest in the WORLD - 300 Companies - Lockheed Martin, Blue Origin, Raytheon, IBM, etc.
NOTE: LOCATION IS CURRENTLY OCCUPIED BY AUTO REPAIR TENANT. PLEASE DO NOT COMMUNICATE WITH OR DISTURB EXISTING TENANT
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,050 SF
Building Class
B
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.87 AC
Opportunity Zone
Yes
Parking
30 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
148 FT on Bob Wallace Ave
Amenities
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-01-11-1-000-003.000 | Improvements Assessment | $129,480 |
| Land Assessment | $22,360 | Total Assessment | $151,840 |
PROPERTY TAXES
Parcel Number
17-01-11-1-000-003.000
Land Assessment
$22,360
Improvements Assessment
$129,480
Total Assessment
$151,840
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ReDev Site Adj to Whole Foods, 100,000vpd | 2010-2012 Bob Wallace Ave SW
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