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Mixed-Use Building with Apartment
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313 Parkman Avenue, Selma, AL 36701

CommercialSale, Selma, AL

Property Size3,805 SF
Price / SF$6.57
Days on Market483

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)

Building Details

Year built 1981
Building materials Concrete
Listing Agency: Divine Realty LLC
Listed By: Shirley Dawson · License #000082019
Added: May 19, 2025 Changed: Aug 28 Last Checked: Sep 13 at 8:06PM
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 concrete mixed-use building, constructed in 1981, includes a former ground-floor store, a three-bedroom, one-bath apartment above, and a laundromat positioned at the rear. The configuration brings retail, residential, and service-oriented components together within one property.

The property is located at 313 Parkman Avenue in Selma, Alabama, within ZIP Code 36701 and Dallas County. Its established building improvements and multiple existing components provide a clear physical layout for evaluating future use or repositioning.

Key Highlights

  • Concrete mixed‑use building constructed in 1981
  • Former store occupies the ground floor
  • Three‑bedroom, one‑bath apartment upstairs

Property Analytics

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Current Use

Storefront properties

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Concrete mixed-use property combining former retail space, an upstairs apartment, and a rear laundromat.
Where is this mixed-use property located?
The property is located at 313 Parkman Avenue Selma, AL.
What are key features of this property?
This property features: Concrete mixed‑use building constructed in 1981; Former store occupies the ground floor; Three‑bedroom, one‑bath apartment upstairs
More about this property
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