1010 Water Ave, Selma, AL, 36701

1010 Water Ave Selma, AL 36701

1010 Water Ave, Selma, AL, 36701
1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701 1010 Water Ave, Selma, AL, 36701
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$234,000
Last Verified:
Apr 03, 2025

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Highlights


Description

Premier Historic Commercial Building | ±4,000 SF | Zoned B-1 General Business

A standout redevelopment opportunity at 1010 Water Ave in historic downtown Selma. This ±4,000 square foot commercial building offers vintage character and walkable access to Selma’s most iconic sites, making it an ideal canvas for boutique retail, cultural use, or community-focused investment.

Built in the early 20th century and zoned B-1 General Business, the property is well-suited for creative reuse and eligible for a variety of funding incentives—including historic tax credits and grants.

Whether you're a private investor, preservationist, or developer with a vision, 1010 Water Ave presents a unique opportunity to be part of Selma’s next chapter of growth and transformation.

Embrace a piece of history at 1010 Water Ave, a prime leasing opportunity. This 4,000 SF space was previously used as a restaurant, the property comes with a turnkey kitchen and offers flexibility for creative design. With direct river access and picturesque views, it presents a unique opportunity for a captivating outdoor area. Ideal for businesses seeking a distinctive and versatile setting in a vibrant and historic location.

FOR SALE – Individually or as Part of the Selma Six Portfolio | Historic Redevelopment Opportunity in the Heart of Selma

Step into a rare opportunity to own a piece of American history. Located in the heart of downtown Selma, 1010 Water Ave is one of six architecturally significant properties comprising the Selma Six Portfolio—a historic redevelopment opportunity rooted in the legacy of the Civil Rights Movement.

The full portfolio includes:
1. 25 Broad St – ±33,800 SF
2. 1006 Alabama Ave – ±18,273 SF
3. 1010 Water Ave – ±4,000 SF
4. 1012 Water Ave – ±6,974 SF
5. 114 Broad St – ±4,353 SF
6. 515 Mabry St – ±33,543 SF on 2.65 acres

Together, these buildings offer a unique chance to revitalize downtown Selma through mixed-use, hospitality, cultural, or community-driven development. Five of the six properties require full renovation, providing a blank canvas for visionary investors, developers, or preservationists ready to reimagine the city’s next chapter.

Whether acquired individually or as a transformative portfolio, 1010 Water Ave and the Selma Six represent a once-in-a-generation opportunity to invest in a story that shaped the nation.


Year Built: 1900
Building Size: 4000sq ft
Lot Size: 0.1 acres


Documents

Sale Flyer
Offering Memorandum

Units for Lease

1010 Water Ave Selma, AL
Space Available: 4000 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $16.00 - $20.00

Map of 1010 Water Ave, Selma, AL, 36701

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.