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:
$169,240
Last Verified:
Apr 03, 2025

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Highlights

  • -Prime Downtown Selma Locations
  • -Eligible for Historic Tax Credits & Grant Funding
  • -Historic Structures Ideal for Boutique Redevelopment
  • -Ideal for Cash Buyers, Private Investors, or Mission-Driven Groups
  • -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

Premier Historic Commercial Building | ±6,974 SF | Zoned B-1 General Business

Unlock the potential of downtown Selma with this exceptional redevelopment opportunity at 1012 Water Ave. This ±6,974 square foot historic building combines architectural charm with strategic positioning in one of America’s most culturally significant cities.

Constructed in the early 20th century and zoned B-1 General Business, this property is ideal for investors, developers, or mission-driven buyers seeking to create an inspired space—whether for boutique retail, office, gallery, or mixed-use activation.

Positioned just steps from the Alabama River and Selma’s iconic landmarks, 1012 Water Ave offers the rare chance to contribute to the city’s continued revitalization while leveraging historic tax credits and grant funding.

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, 1012 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. This building was formerly the National Voters Right Museum.

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, 1012 Water Ave and the Selma Six represent a once-in-a-generation opportunity to invest in a story that shaped the nation.

Building Size: 6974sq ft
Lot Size: 0.12 acres

Map of 1012 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.