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Retail Building with Apartment
For Sale
$39,900

313 Parkman Avenue, Selma, AL 36701

COMMERCIAL - Selma, AL

Property Size3,805 SF
Price / SF$10.49
Days on Market438

Property Features for 313 Parkman Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking 4
Middle school ,
Directions OFF DALLAS AVE FROM DOWNTOWN, TAKE A RIGHT ON PETTUS AND THEN A LEFT ON PARKMAN
Subdivision South of Alabama River
Standard status Active
APN 11-07-36-2-004-040.0000
Size 3,805 SF

Taxes and HOA fees

Tax Description LT 36 & W 30' LT 34 BLK 10 MB 1 PG 182 PARKMAN AVE & IKERMAN ALLEY S36-T17-R10 DB 1072 PG 736 DB1301 PG 581 DB 0000 PG 000 (TAX SALE) DB1301 PG 581 (REDEMPTION) DB1614 PG 383 (AFF) DB1614 PG 385 (AFF) DB1614 PG 386 (WD)
Tax Annual Amount 595
Legal Description LT 36 & W 30' LT 34 BLK 10 MB 1 PG 182 PARKMAN AVE & IKERMAN ALLEY S36-T17-R10 DB 1072 PG 736 DB1301 PG 581 DB 0000 PG 000 (TAX SALE) DB1301 PG 581 (REDEMPTION) DB1614 PG 383 (AFF) DB1614 PG 385 (AFF) DB1614 PG 386 (WD)

Amenities

laundry mat

Building Details

Year built 1981
Building materials Concrete
Listing Agency: Divine Realty LLC
Listed By: Shirley Dawson · License #000082019
Added: May 19, 2025 Changed: Apr 21 Last Checked: Jul 30 at 1:06PM
MLS# 576523

Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail building includes approximately 2,509 square feet with a downstairs space that was previously used as a store (Parkman Grocery and Deli). The building also has a separate upstairs apartment configured with three bedrooms and one bathroom.

In the rear portion of the property, there is a laundry area that was used as a laundromat. The combination of street-level retail space and residential unit can be useful for buyers seeking an adaptable, income-generating configuration under one roof.

The property is listed for sale and is located at 313 Parkman Avenue in Selma, Alabama, within Dallas County.

Key Highlights

  • Concrete construction, built in 1981
  • About 2,509 sqft building with space that previously operated as Parkman Grocery and Deli
  • Previously configured with a 3‑bedroom, 1‑bath upstairs apartment

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Bakery Locksmith Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby
Under-served
Demand for This Use

Demographics for 36701, AL

21,448
Population
10,390
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
277.3 sq mi
ZIP Area
77
Density / Sq Mi
$40,466
Median Household Income
$28,852
Median Earnings
$823
Median Rent
$111,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Food Outlet — 415 J.L. Chestnut Jr Blvd, Selma, AL 36701

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Two-level commercial building features a former ground-floor store and a 3-bedroom, 1-bath upstairs apartment plus a rear laundry area.
Where is this grocery and convenience store located?
The property is located at 313 Parkman Avenue Selma, AL.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Concrete construction, built in 1981; About 2,509 sqft building with space that previously operated as Parkman Grocery and Deli; Previously configured with a 3‑bedroom, 1‑bath upstairs apartment
More about this property
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