Investment Highlights
Favorable R2B Zoning: Newson Road Land encompasses 10.46 acres of fully entitled, level terrain within the city of Huntsville. The property is situated in a Qualified Census Tract (QCT), offering opportunities for the development of affordable housing.
Positive Absorption Through 2029 Leading to Future Rent Growth: Amid multiple economic pressures on developers, new construction starts have nearly come to a halt in Huntsville. Due to this, absorption is projected to be positive through 2029 for the submarket with rent growth anticipated to begin in 2025.
Exceptional Unemployment Rate: Huntsville’s unemployment rate has been below 3% since July 2021 with the lowest unemployment rate in the nation multiple different times over this time period. As of August 2024, the Huntsville unemployment rate is 2.8%, far below the US unemployment rate of 4.1%.
Huntsville’s Population Boom: Huntsville is growing rapidly, with thousands of new residents coming to the Rocket City every year. The Huntsville metro area has increased in population by more than 40,000 people since the 2020 census to an estimated 535,447 residents. World Population Review estimates Huntsville’s metro population to reach nearly 590,000 by 2029.
Huntsville Rated #7 Place to Live in the USA: According to U.S. News, Huntsville has been ranked the #7 place to live in the United States for 2024 2025. Furthermore, Huntsville is the fastest-growing market in Alabama, outpacing Birmingham.
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Address:4116 Newson Road
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City, State:Huntsville, Alabama
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County:Madison
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Acreage:10.46