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    1909 Dallas Ave Selma, AL 36701

    Sponsored
    For Sale
    $385,000

    High-traffic location, excellent income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail strip mall presents a lucrative investment opportunity in Selma, Alabama. Strategically located across the street from a Winn-Dixie grocery store, a gas station, and a brand-new Jacks restaurant, this property enjoys high visibility and consistent foot traffic. The building itself boasts a recently completed exterior paint job, a durable metal roof, and a freshly painted parking lot, ensuring a well-maintained and attractive appearance. The property comprises five units, with one unit measuring approximately 1600 square feet and the other four units each measuring approximately 750 square feet. Currently, three of the five units are occupied by tenants under existing leases, which will transfer to the new owner. Two units became available in September of this year, offering immediate opportunities for lease-up and increased revenue. The property sits on a 0.7-acre lot, providing ample parking for customers and tenants. This turnkey investment offers a blend of stable income from existing tenants and the potential for significant growth through leasing the vacant units. The prime location and recent improvements make this a highly desirable property for investors seeking a strong return on investment in a thriving commercial area. The asking price is $385,000.

    Property Features for 1909 Dallas Ave

    General Information

    Property type
    Retail properties
    Lot Size
    30,492 SF

    Building Details

    Year Built
    2002
    Property Profile Location Intelligence

    Current Use by Public Records

    The Beauty Bar Spa Crystal Nails Nail Salon Sew Style Salon ... Hair Salon Boris's Cutting Edge Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.06472
    Latitude
    32.39761

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, excellent income potential.
    Where is this retail property located?
    The property is located at 1909 Dallas Ave Selma, AL.
    What is the asking price?
    The asking price for this property is $385,000.
    (334) 627-4004
    Request Owner's contact information
    1909 Dallas Ave Selma, AL 36701
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    Selma, AL 36701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1909 Dallas Ave Selma, AL 36701
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