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    1505 Selma Ave Selma, AL 36703

    For Sale
    $30,000

    Prime Selma location, retail/residential potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 1505 Selma Avenue in Selma, Alabama, presents a unique investment opportunity. Situated on a corner lot, this property offers significant versatility, suitable for either retail or residential development. The building requires some tender loving care (TLC), presenting a chance for a buyer to add value through renovations and improvements. The asking price is $30,000, making it an attractive entry point into the Selma commercial real estate market. The property's zoning allows for a range of uses, providing flexibility for potential buyers. While the square footage is not currently specified, the corner lot location offers excellent visibility and accessibility, crucial for any commercial venture. The property's potential is significant, and its affordability makes it an ideal choice for investors seeking a project with substantial upside. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this promising Selma location. The property is being sold as-is. Further details regarding the property's specifics are available upon request. Don't miss this chance to acquire a valuable piece of Selma real estate.

    Property Features for 1505 Selma Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1947
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.01641
    Latitude
    32.41103

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Selma location, retail/residential potential.
    Where is this commercial real estate located?
    The property is located at 1505 Selma Ave Selma, AL.
    What is the asking price?
    The asking price for this property is $30,000.
    (334) 277-8920
    Request Owner's contact information
    1505 Selma Ave Selma, AL 36703
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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
    1505 Selma Ave Selma, AL 36703
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