2925 Citizens PkwySelma, AL 36701

Property Details for 2925 Citizens Pkwy

Year built

1973

Construction

METAL FRAME

Lot size

2.76 AC

Property size (Sq ft)

21,771 SF

Zone code

C

Property type

Retail properties

APN

11061300040040030

APU

11061300040040030

Description

This exceptional 22,000 square foot retail and mixed-use building presents a remarkable investment opportunity in Selma, Alabama. Located at 2925 Citizens Pkwy, this property sits on a sizable 3-acre lot, offering significant road frontage and high visibility on a state highway. Built in 1973, the two-story structure boasts a spacious interior with 25-30 foot ceilings in the main area, multiple rooms suitable for office space, workrooms, and showroom displays. The building includes a substantial 200-foot loading dock equipped with four dock-high doors, accommodating large transfer trucks. Additional features include a sprinkler system, multiple restrooms, and high-voltage power. Ample parking is available both in front and in a fully fenced rear area. Currently vacant, this property is ideal for a variety of uses, including service businesses or franchise operations. There are no zoning restrictions, although buyers should independently verify zoning compliance as the property is outside Selma and Valley Grande city limits. The asking price is $699,000, and the property is available for a 1031 exchange. This is a value-add opportunity with significant upside potential. The property's size, location, and features make it a truly unique offering in the Selma market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,392,070

  6.5%

  $3,131,140

  7%

  $2,907,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,570,950

  Geo Method

  $4,416,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,002,660

  Mixed-Use / Specialty

  $3,161,750

  Hospitality / Lodging

  $2,374,060

  Office

  $3,186,470

  Institutional / Educational

  $3,301,870

  Residential Income

  $3,863,190

  Multifamily

  $4,401,740

  Automotive / Energy

  $2,830,170

  Parking / Income-Based Land

  $935,391

  Restaurant / Food Service

  $1,733,590

  Healthcare / Senior Housing

  $3,199,480

Location Insight

City

Selma

County

Dallas

State

Alabama

Latitude

32.4447

Longitude

-87.0184

CBSA code

42820

CBSA name

SELMA, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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