515 Mabry St, Selma, AL, 36701

515 Mabry St Selma, AL 36701

515 Mabry St, Selma, AL, 36701
515 Mabry St, Selma, AL, 36701
FOR SALE
Property Type:
Other Hospitality
Amount:
$499,000
Last Verified:
Aug 09, 2025

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Highlights

  • 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)
  • OWNER FINANCING available

Description

Large-Scale Historic Redevelopment Site | ±33,543 SF on 2.65 Acres | Zoned R-50-P Planned Residence District

Introducing 515 Mabry St, a rare large-footprint redevelopment opportunity in Selma, Alabama. This property is ideal for expansive, community-oriented redevelopment—whether for healthcare, education, mixed-use, nonprofit headquarters, or residential conversion.

Its substantial lot size offers a wide range of potential uses, while the historic nature of the building makes it a strong candidate for grant programs and historic tax credits.

515 Mabry St is uniquely positioned to anchor transformation within the city—combining scale, history, and purpose to serve as a cornerstone investment for visionary developers or organizations.

FOR SALE | 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, 515 Mabry St offers a historic redevelopment opportunity rooted in the heart of Selma.

Are you ready to reimagine this buildings' next chapter?


Year Built: 1884
Building Size: 33543sq ft
Building Class: B
Lot Size: 2.65 acres

Map of 515 Mabry St, 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.