1505 Selma AveSelma, AL 36703

Property Details for 1505 Selma Ave

Year built

1947

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

911 SF

Zone code

S

Property type

Retail space

APN

11073610010400000

APU

11073610010400000

Description

This exceptional commercial property, located at 1505 Selma Avenue in Selma, Alabama, presents a unique investment opportunity. Situated on a corner lot, this property offers significant versatility, suitable for either retail or residential development. The building requires some tender loving care (TLC), presenting a chance for a buyer to add value through renovations and improvements. The asking price is $30,000, making it an attractive entry point into the Selma commercial real estate market. The property's zoning allows for a range of uses, providing flexibility for potential buyers. While the square footage is not currently specified, the corner lot location offers excellent visibility and accessibility, crucial for any commercial venture. The property's potential is significant, and its affordability makes it an ideal choice for investors seeking a project with substantial upside. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this promising Selma location. The property is being sold as-is. Further details regarding the property's specifics are available upon request. Don't miss this chance to acquire a valuable piece of Selma real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $187,354

  6.5%

  $172,942

  7%

  $160,589

• Comparable approach

  Method

  Valuation

  Relative Method

  $159,280

  Geo Method

  $447,803

• Alternative Use

  Use

  Valuation

  Residential

  $145,883

  Hospitality

  $133,628

  Educational

  $111,177

  Medical

  $115,000

  Retail

  $172,942

Location Insight

City

Selma

County

Dallas

State

Alabama

Latitude

32.4111

Longitude

-87.0165

CBSA code

42820

CBSA name

SELMA, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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