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    4 Martin Luther King St Selma, AL 36703

    For Sale
    $170,000

    Large commercial building, prime location, multiple structures.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property located at 4 Martin Luther King Street in Selma, Alabama, presents a significant investment opportunity. The main building boasts a substantial 11,004 square feet of space, ideally situated on a corner lot, offering excellent visibility and accessibility. Previously utilized as a hardware store, the retail area is equipped with air conditioning, providing a comfortable environment for customers and employees. The warehouse section of the building is not air-conditioned. The property includes three bathrooms and three offices, providing ample space for administrative functions and staff. While furnishings are not included in the sale price, their availability is negotiable, offering flexibility to the new owner. Adding to the property's versatility, two additional buildings are situated within a fenced area behind the main structure. These secondary buildings are also available for purchase, expanding the potential uses and overall square footage of this already impressive property. The asking price has been significantly reduced, making this a compelling opportunity for a savvy investor seeking a substantial commercial space in a desirable location. The property's size and location make it suitable for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 4 Martin Luther King St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1930
    Insight Report Location Intelligence

    Current Use by Public Records

    Old Depot Museum Tourist Attraction

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.01413
    Latitude
    32.40905

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    FAQs

    What type of property is this?
    Commercial real estate - Large commercial building, prime location, multiple structures.
    Where is this commercial real estate located?
    The property is located at 4 Martin Luther King St Selma, AL.
    What is the asking price?
    The asking price for this property is $170,000.
    (334) 872-0441
    Request Owner's contact information
    4 Martin Luther King St 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
    4 Martin Luther King St Selma, AL 36703
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