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    2003 Highland Ave Selma, AL 36701

    Sponsored
    For Sale
    $669,000

    High-traffic Selma retail building, 5,547 rentable sq ft.

    Property size:
    5,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 2003 W Highland Ave in Selma, Alabama, presents a compelling investment opportunity. The 5,616 square foot building, constructed in 1991, sits on a 5-acre lot and boasts 5,547 square feet of net rentable space, priced at $119.12 per square foot. Its Class B designation reflects a solid foundation for potential upgrades and customization. The property benefits from a prime location in Selma, offering high visibility and accessibility, and is conveniently situated within walking distance of Vaughn Medical Center, Holiday Inn, and Hampton Inn, ensuring a steady flow of potential customers. The versatile layout and N zoning permit a wide range of retail and dining concepts, making it an ideal investment for entrepreneurs seeking a thriving location. The building's established infrastructure and high-traffic location provide a strong foundation for immediate success. This property is ready for a new owner to capitalize on its potential within the vibrant Selma market. The asking price is $669,000.

    Property Features for 2003 Highland Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,616 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1991

    HighLights

    • 5,616 SF building.
    • 1991 construction.
    • Selma's prime location.
    • High visibility and accessibility.
    • Versatile floorplan suitable for retail or restaurant use.
    • Excellent retail or restaurant investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    GOLDEN RANCH BAR ... Restaurant GOLDEN RANCH BBQ ... Barbecue Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.0524735
    Latitude
    32.4338664

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    FAQs

    What type of property is this?
    Retail property - High-traffic Selma retail building, 5,547 rentable sq ft.
    Where is this retail property located?
    The property is located at 2003 Highland Ave Selma, AL.
    What is the asking price?
    The asking price for this property is $669,000.
    What are key features of this property?
    This property features: 5,616 SF building.; 1991 construction.; Selma's prime location.
    Request Owner's contact information
    2003 Highland Ave Selma, AL 36701
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    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
    2003 Highland Ave Selma, AL 36701
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