2003 Highland AveSelma, AL 36701

Property Details for 2003 Highland Ave

Year built

1991

Construction

WOOD

Lot size

4.53 AC

Property size (Sq ft)

5,616 SF

Zone code

N

Property type

Turn key restaurants

APN

11052200040410000

APU

11052200040410000

Description

This exceptional 5,547-square-foot restaurant space, situated on a generous 5-acre lot in Selma, Alabama, presents a unique investment opportunity. The single-tenant building, constructed in 1991, boasts a highly visible location within the vibrant Selma area, ensuring excellent accessibility and high traffic exposure. The property offers ample parking with 75 spaces, providing convenient access for patrons and employees. The versatile layout is ideally suited for a variety of restaurant concepts or retail businesses, allowing for customization to meet specific operational needs. Its strategic location offers proximity to key amenities, including the Vaughn Medical Center, Holiday Inn, and Hampton Inn, further enhancing its appeal and potential for success. The property's modern design and abundant natural light create a welcoming and productive environment. The 5-acre parcel provides significant expansion potential or opportunities for outdoor seating or landscaping. This property represents a rare chance to establish a thriving business in a prime Selma location. The Dallas County property (APN: 1105220004041000) is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,155,007

  6.5%

  $1,066,160

  7%

  $990,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $981,930

  Geo Method

  $2,760,552

• Alternative Use

  Use

  Valuation

  Residential

  $899,346

  Hospitality

  $823,796

  Educational

  $685,388

  Medical

  $708,960

  Retail

  $1,066,160

Location Insight

City

Selma

County

Dallas

State

Alabama

Latitude

32.4344

Longitude

-87.0525

CBSA code

42820

CBSA name

SELMA, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].