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Historic Mixed-Use Building with Event Space

15 Franklin Street, Selma, AL 36703

For Sale
$296,000

CommercialSale, Selma, AL

Property Size6,200 SF
Price / SF$47.74
Days on Market191

Property Features for 15 Franklin Street

General Information

Property type Commercial Sale
Property subtype Other
Parking 4
Lot features City Lot, Historic District, Level
Middle school ,
Directions Located on Franklin Street right off Water Avenue
Subdivision Highland Ave to Franklin St to Jeff Davis Ave
Standard status Active
APN 11-07-36-1-006-043.0000
Size 6,200 SF

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Description LOT 2 FRANKLIN STREET DIVISION PLAT #1 MB 8 PG 289 S36-T17N-R10E DB 1609 PG 134 (WD)
Tax Annual Amount 87
Legal Description LOT 2 FRANKLIN STREET DIVISION PLAT #1 MB 8 PG 289 S36-T17N-R10E DB 1609 PG 134 (WD)

Utilities

Heating system Electric (Heating), Central
Cooling system Multi Units, Electric, Central Air

Amenities

smart LED lighting
projector screens
prep kitchen
bathrooms
storage closets

Building Details

Year built 1900
Flooring type Wood, Concrete
Building materials BrickVeneer
Listing Agency: RE/MAX Tri-Star · RE/MAX International
Listed By: Mandy Henry · License AL #0077016
Added: May 8 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 586574

Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

At 6,200 square feet, this 1900-built property in downtown Selma is currently used as an event venue. Its main floor has an open entertaining area, a prep kitchen, projector screens, smart LED lighting, four bathrooms and multiple storage closets. Wood flooring, exposed brick and historic beams retain elements of the building’s original character, alongside central heating and cooling.

The second floor is unfinished and can be configured for additional space. The property is located at 15 Franklin Street in Selma, Alabama.

Key Highlights

  • 6,200‑square‑foot mixed‑use property built in 1900
  • Operating event venue with an open main‑floor gathering area
  • Main floor includes prep kitchen, projector screens, smart LED lighting and four bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Anchor Hotel & Motel

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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The operating venue includes an open main-floor gathering area and a second floor ready for redevelopment.
Where is this mixed-use property located?
The property is located at 15 Franklin Street Selma, AL.
What is the asking price?
The asking price for this property is $296,000.
What are key features of this property?
This property features: 6,200‑square‑foot mixed‑use property built in 1900; Operating event venue with an open main‑floor gathering area; Main floor includes prep kitchen, projector screens, smart LED lighting and four bathrooms
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