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1010 Water Ave

$234,000

1010 Water Ave, Selma, AL 36701

Active
Last Updated: 04/03/2025

4,000 sqft

Building Size

0.0959 acres

Lot Area

Details:
Building Size:    4,000 sqft
Lot Area:    0.0959 acres
Class:    C
Year Built:    1900
Floors:    2
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 | ±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.

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.

Map:
Documents:
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Offering_Memorandum.pdf
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Sale_Flyer.pdf
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Offering Memorandum
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Location
Gallery