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    1609 Broad St Selma, AL 36701

    For Sale
    $111,500

    Prime Selma location, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 1609 Broad Street in Selma, Alabama, presents a compelling investment opportunity. Priced at $111,500, this general commercial building offers significant potential for a variety of uses. While the square footage is currently unavailable, the property sits on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. The property's address on Broad Street places it in a high-traffic area of Selma, ensuring excellent visibility and accessibility for any business. Its strategic location within the city offers convenient access to local amenities, transportation routes, and a diverse customer base. This presents a unique chance to acquire a well-situated commercial property in a growing market. The absence of specified square footage allows for flexible planning and adaptation to suit a wide range of business needs. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is. Further details regarding the building's interior and structural features are available upon request. Don't miss this chance to secure a valuable asset in a desirable Selma location.

    Property Features for 1609 Broad St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -87.02457
    Latitude
    32.42137

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Selma location, great potential.
    Where is this commercial real estate located?
    The property is located at 1609 Broad St Selma, AL.
    What is the asking price?
    The asking price for this property is $111,500.
    (334) 872-0441
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    1609 Broad St 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
    1609 Broad St Selma, AL 36701
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