Selma, Alabama Commercial Real Estate 2 Listings

Selma, Alabama: A Premier Destination for Commercial Real Estate

Introduction

Selma, Alabama, offers a burgeoning commercial real estate (CRE) market, distinguished by its strategic location and rich historical context. Known for its pivotal role in American history, Selma is a mid-sized city with a diverse economy that includes manufacturing, agriculture, and tourism. Its unique positioning along the Alabama River and proximity to major transportation networks make it an attractive destination for commercial real estate investment.

Economic and Industry Overview

Selma's economy is anchored by key industries such as manufacturing, healthcare, and agriculture. The presence of these sectors drives demand for various commercial property types, including industrial spaces for manufacturing, office spaces for healthcare services, and retail properties catering to the local community. The city benefits from regional economic development initiatives aimed at revitalizing its industrial base and attracting new businesses. For more information on these initiatives, visit the Selma-Dallas County Economic Development Authority.

Strategic Location and Transportation Infrastructure

Selma's strategic location is enhanced by its robust transportation infrastructure. The city is accessible via major highways such as U.S. Route 80 and State Route 14, facilitating efficient logistics and distribution. Although Selma does not have a major port or airport, its proximity to Montgomery Regional Airport and the Port of Mobile provides additional logistical advantages. The city's transportation network supports access to a skilled labor pool, essential for businesses looking to expand. For more details, refer to the Alabama Department of Transportation.

Commercial Real Estate Inventory & Zoning

Selma offers a diverse range of commercial real estate submarkets, including a vibrant Central Business District (CBD) and several industrial corridors. The city's CRE market encompasses various asset classes such as industrial, retail, office, and flex spaces. Recent zoning changes have introduced incentives for developers, particularly in designated Opportunity Zones. To explore zoning maps and parcel viewers, visit the City of Selma Planning & Development.

Major Employers and Institutions

Selma boasts a number of major employers and institutions that drive demand for commercial real estate. Top employers include International Paper, Vaughan Regional Medical Center, and Wallace Community College. These institutions not only provide employment but also stimulate the need for office, retail, and multifamily properties. For a comprehensive list of local businesses, check the Selma and Dallas County Chamber of Commerce.

Notable Commercial Developments & Projects

Selma is witnessing several large-scale developments, including mixed-use projects and innovation parks designed to foster economic growth and community engagement. Public-private partnerships and Opportunity Zones play a significant role in these developments. For updates on planning and approved site maps, consult the Selma Planning Commission.

Building Permits, Planning, and Development Tools

For those interested in development opportunities, Selma provides a range of resources:

Market Data & Economic Reports

Selma's market data is enriched by public datasets from sources like census.gov and the city's open data portal. These resources provide valuable insights into the economic impact and trends within the city. Brevitas enhances this data with AI-powered aggregation and internal insights, offering comprehensive dashboards for investors and brokers. Explore Brevitas-powered dashboards for Selma here.

Why Use Brevitas for Selma, Alabama CRE?

Brevitas revolutionizes CRE discovery in Selma with its AI-driven platform, offering real-time market alerts, smart property pages, and dealroom collaboration. Unique features include: