4820 University Dr
Huntsville, AL 35816 University/Research Park

$150,000 USD

General Retail Condo For Sale • 1,500 SF

Property Details

Property Type General Retail
Total Building Size 45,426 SF
Lot Size 1.82 AC
Building Class C
Year Built 1987
Tenancy Multiple
Zoning C-4

21 Transit Score

64 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit Unit 1

Retail

1,500 SF

$150,000 USD

Unit Size: 1,500 SF
Condo Use: Retail
Price: $150,000 USD
Sale Type: Investment
Price/SF: $100.00 USD

Description

The property is a first floor condo unit located at endcap with over 45,000 traffic counts daily. Unit 1 has been combined with Unit 2 (not for sale or part of this offering) under same lease terms and conditions. Both Units 1 and 2 are end cap units facing University Drive, with dual ingress/egress from both University Drive and Wynn Drive.

Sale Notes

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.

Description

Mission Square is a retail/office condominium complex located at the northwest corner of University Drive/AKA U.S. Highway 72 and Wynn Drive. This condo complex was constructed in 1986 and consists of two stories, with 38 units total.

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