Neighborhood Shopping Center with
For Sale
Contact for pricing
1334 Highland Avenue, Selma, AL 36701
Retail shopping center anchored by Farmers Home Furniture and Save A Lot, currently 51% occupied.
Property Size178,397 SF
Days on Market124
Property Features for 1334 Highland Avenue
General Information
Standard status
Active
Size
178,397 SF
Property subtype
Retail
Occupancy
51%
Additional Details
Cap Rate
11%
Listing Agency:
Retail Specialists
(205) 313-3676
Listed By:
Beau Young · License #AL
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 12:24PM
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 Retail Specialists
Investment Insights
Based on property information with market context.
Selma Marketplace is a for-sale retail shopping center totaling 178,397 SF. The center includes anchor tenants Farmers Home Furniture and Save A Lot, with the remainder of the tenant mix featuring national and regional retailers such as It’s Fashion Metro, Aaron’s Rents, and Hibbett Sports, among others. Based on current income, the property is offered with an asking 11% cap rate and is 51% occupied, creating a value-added leasing opportunity through stabilization and re-tenanting.
The center is located on Highland Avenue, described as the city’s main retail corridor and a major commuter route into Montgomery, Alabama, while also serving West Alabama communities. Nearby points of interest include George Corley Wallace State Community College (1.8 miles) and Vaughn Regional Medical Center (2.8 miles).
The center is located on Highland Avenue, described as the city’s main retail corridor and a major commuter route into Montgomery, Alabama, while also serving West Alabama communities. Nearby points of interest include George Corley Wallace State Community College (1.8 miles) and Vaughn Regional Medical Center (2.8 miles).
Key Highlights
- Selma Marketplace is a 178,397 SF retail shopping center offered for sale
- Asking CAP rate of 11% on current income
- Currently 51% occupied with anchor tenants Farmers Home Furniture and Save A Lot
Property Analytics
Current Use
Lease Details
51%
Occupancy
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36701, AL
21,448
Population
10,390
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
277.3 sq mi
ZIP Area
77
Density / Sq Mi
$40,466
Median Household Income
$28,852
Median Earnings
$823
Median Rent
$111,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Selma Mall — 1391 E Highland Ave, Selma, AL 36703
- Selma wallmart — 1501 al-14, selma, al 36703
- Selma Plaza — 2414 Kimbel Road, Selma, AL 36703
Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center anchored by Farmers Home Furniture and Save A Lot, currently 51% occupied.
Where is this shopping center located?
The property is located at 1334 Highland Avenue Selma, AL.
What are key features of this property?
This property features: Selma Marketplace is a 178,397 SF retail shopping center offered for sale; Asking CAP rate of 11% on current income; Currently 51% occupied with anchor tenants Farmers Home Furniture and Save A Lot
