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Historic Mixed-Use Building
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For Lease
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1122 & 1124 Water Ave, Selma, AL 36703

Restaurant and lounge space occupies the ground level, with residential or short-term rental units above.

Space Size19,800 SF
Days on Market4

Property Features for 1122 & 1124 Water Ave

General Information

Standard status Active
Size 19,800 SF
Property subtype Retail

Additional Details

Floor Ground

Building Details

Building Size 19,800 SF
Year Built 1880
Stories 2
Tenancy Single
Construction brick and block

Spaces For Lease

at 1122 & 1124 Water Ave Contact us

Available Space

Size
19,800 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Real Estate Southeast
Listed By: Louise Jennings-McCullar · License #MS 21674
Source: Crexi
Added: Aug 31 Changed: Sep 2 Last Checked: Sep 1 at 10:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Southeast

Investment Insights

Based on property information with market context.

This two-story mixed-use property at 1122 & 1124 Water Ave includes restaurant and lounge space on the ground floor, along with residential or short-term rental units on the second level. The building contains seven bays and is constructed of brick and block in the Italianate style, with an 1880 construction date.

The property is positioned at the intersection of Water Ave and Washington Street in Selma’s Water Avenue Historic District. It is listed in the National Register and sits across from the St. James Hotel, placing the building within a documented historic setting.

Key Highlights

  • Two‑story, seven‑bay building constructed in 1880
  • Ground‑level restaurant and lounge space
  • Residential or short‑term rental units on the second floor

Property Analytics

Current Use

Old Southern Estates ... Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Dental Office Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

664
Businesses Nearby

Demographics for 36703, AL

11,754
Population
5,661
Households
2.1
Avg Household Size
41
Median Age
10%
College-Educated
84%
High-School Grad
124.9 sq mi
ZIP Area
94
Density / Sq Mi
$30,096
Median Household Income
$32,832
Median Earnings
$711
Median Rent
$74,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant and lounge space occupies the ground level, with residential or short-term rental units above.
Where is this mixed-use property located?
The property is located at 1122 & 1124 Water Ave Selma, AL.
What are key features of this property?
This property features: Two‑story, seven‑bay building constructed in 1880; Ground‑level restaurant and lounge space; Residential or short‑term rental units on the second floor
More about this property
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