This is one of the final opportunities to develop a significant tract of residential land within minutes of downtown Huntsville, Alabama - a booming national economic powerhouse. The 64+/- acres of prime residential development land is located off of Highway 72/Chapman Mountain in the heart of an already established premier neighborhood in North Alabama - Hawks Ridge.
The acreage is spread across 9 parcels, is uniquely zoned R2A and is approved for single family detached homes, churches, government use, townhomes, duplexes, and apartment complexes.
The land can accommodate a variety of different lot mixes. Recent concepts include 246 single family lots, 359 townhome lots, or a combination of the two at just under 300 lots.
There are three residential road access points to the land with existing public water, sewer, and electricity. Existing homes in the neighborhood range in value from $500,000 to well over $2 million, giving the future owner a wide variety of development options to maximize their return.
The investment opportunity enjoys one of the best locations in all of Huntsville and North Alabama. With unparalleled convenience, the site is easily accessed from I-565/Highway 72 and from the Five Points/Oakwood neighborhoods that feed into downtown Huntsville. In 4.5 miles and a less than 10 minute drive, you are in the center of downtown Huntsville/CBD, featuring high-end hotels, major event venues, restaurants, parks, and shopping. Other major economic centers - Research Park and Redstone Arsenal - are an easy 15 minute drive away.
Huntsville and the greater North Alabama area’s economic growth has been nothing short of remarkable, attracting a host of new businesses and investments. Its strategic location, skilled workforce, world-class universities, and business-friendly policies have made it a hub for innovation and development. New business announcements, from tech giants like Blue Origin and Facebook, to innovative start ups, are regular occurrences and highlight the immense potential for commercial ventures.
Nicole Hartenbach
Keller Williams Realty Huntsville
