1505 Selma Ave Selma, AL 36703-3861
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
S · Selma, ALSelma. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.