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Countess Villa & Townhome Site

Posted: 8/8/2024
129 Units
21 Acres
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Countess Villa and Townhome Site
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Countess Villa and Townhome Site
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Countess Villa and Townhome Site
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Countess Villa and Townhome Site
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Countess Villa and Townhome Site
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Countess Villa and Townhome Site

About

About Countess Villa & Townhome Site

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±21-acre Countess Villa & Townhome Site located in Huntsville, AL. A 129-unit build-to-rent project is proposed for the site, but at over 20 acres, it could also be an exceptional multifamily site. Zoning allows for up to 328 units. The site is located only 10 minutes north of Downtown Huntsville and 10 minutes east of the North Huntsville Industrial Park (Toyota & Meta). The Huntsville Northern Bypass project is in progress just south of the site and will be the future loop roadway encircling the city. Over the next four years, the Huntsville rental market is forecasted to average solid annual rent increases of 2.9%. Average household incomes surrounding the site surpass $100K. The Countess Villa & Townhome Site presents an excellent opportunity to develop a Class A build-to-rent or multifamily project in one of the top job markets in the country.

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