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Mixed-Use

Main Street South Village

7500 Memorial Pkwy SW, Huntsville, AL 35802

Listing Price: $4,656,000

Cap Rate
6.60%
Gross SF
79,878
Rentable SF
79,878
Price/Gross SF
$58.29
Lot Size
7.52 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to present this multi-tenant office and retail center located in Huntsville, Alabama known as Main Street South Plaza. The 7.52 acre property is improved with 79,878 square foot of leasable space. The complex is located on the signalized corner of Memorial Parkway SW and Boulevard South SW. Main Street South Plaza was built in 1988. The property consists of five buildings with 31 units in total. It is currently 70% occupied with 21 tenants. All tenants are on staggered leases. Average Daily Traffic exceeds 76,270. The Huntsville/Madison County community is the economic driver for the North Alabama Region. With a 16-county regional population of 1.3 million people, the economy is strong and growing. Military, space, telecommunications, biotechnology, diversified manufacturing and a variety of emerging specialties provide challenging work in delightful surroundings. The area enjoys a favorable cost of living and quality of life. Mountains, lakes, woodlands and the Tennessee River accommodate numerous recreational activities. A temperate climate enhances the season for outdoor sports, including world-class golf, hiking, biking, and fishing. Major concerts, Broadway and symphony performances, extensive permanent collections and traveling exhibitions contribute to a wonderful way of life.

Investment Highlights

  • Huntsville, Alabama
  • 76,270 Vehicles Daily
  • 78,834 Square Feet
  • Office, Retail, Retaurant

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Mixed-Use

Main Street South Village

Listing Price: $4,656,000

Cap Rate
6.60%
Gross SF
79,878
Rentable SF
79,878
Price/Gross SF
$58.29
Lot Size
7.52 acres
Year Built
1986

Investment Highlights

  • Huntsville, Alabama
  • 76,270 Vehicles Daily
  • 78,834 Square Feet
  • Office, Retail, Retaurant

Investment Overview

Marcus & Millichap is pleased to present this multi-tenant office and retail center located in Huntsville, Alabama known as Main Street South Plaza. The 7.52 acre property is improved with 79,878 square foot of leasable space. The complex is located on the signalized corner of Memorial Parkway SW and Boulevard South SW. Main Street South Plaza was built in 1988. The property consists of five buildings with 31 units in total. It is currently 70% occupied with 21 tenants. All tenants are on staggered leases. Average Daily Traffic exceeds 76,270. The Huntsville/Madison County community is the economic driver for the North Alabama Region. With a 16-county regional population of 1.3 million people, the economy is strong and growing. Military, space, telecommunications, biotechnology, diversified manufacturing and a variety of emerging specialties provide challenging work in delightful surroundings. The area enjoys a favorable cost of living and quality of life. Mountains, lakes, woodlands and the Tennessee River accommodate numerous recreational activities. A temperate climate enhances the season for outdoor sports, including world-class golf, hiking, biking, and fishing. Major concerts, Broadway and symphony performances, extensive permanent collections and traveling exhibitions contribute to a wonderful way of life.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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