1012 Water Ave, Selma, AL, 36701

1012 Water Ave Selma, AL 36701

1012 Water Ave, Selma, AL, 36701
1012 Water Ave, Selma, AL, 36701 1012 Water Ave, Selma, AL, 36701 1012 Water Ave, Selma, AL, 36701
FOR SALE
Property Type:
Street Retail
Amount:
$199,000
Last Verified:
Feb 25, 2025

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Highlights

  • 6,974 SF building
  • Versatile space for office, creative, or loft concepts
  • Historic charm and character
  • Prime location on Water Ave
  • Potential for customization and development
  • Full renovation required
  • Additional information and property tour available upon receiving verifiable proof of funds (POF)
  • 10% discount available if entire portfolio is purchased
  • OWNER FINANCING available, motivated seller

Description

Discover an exceptional retail opportunity in Selma, AL! This expansive 6,974 SF building is part of a 6 property portfolio of Selma commercial properties, offering versatile space for office, creative, or loft concepts. With historic charm and character, this property's prime location on Water Ave provides the perfect setting for a standout retail presence in Selma. Full renovation is required, presenting an exciting opportunity for retail investors looking to make their mark in the dynamic Selma market.

Immerse yourself in the vibrant surroundings of Selma, Alabama, home to the property which was once the iconic National Voting Rights Museum. Embrace the city's rich history and culture with easy access to the Edmund Pettus Bridge, a symbol of the Civil Rights Movement, as well as the Selma Interpretive Center. This prime location offers a blend of historic charm and urban allure, making it an ideal investment opportunity for those seeking a dynamic and thriving community to call home.

Building Size: 6974sq ft
Lot Size: 0.12 acres

Map of 1012 Water Ave, Selma, AL, 36701

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.