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 Special Purpose
Amount:
$499,000
Last Verified:
Apr 03, 2025

Daily Email Blast
0 times


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)
  • 10% discount available if entire portfolio is purchased
  • OWNER FINANCING available, motivated seller

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.

As part of the Selma Six portfolio, 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 – 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, 515 Mabry St 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, 515 Mabry St and the Selma Six represent a once-in-a-generation opportunity to invest in a story that shaped the nation.


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.