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1300-1302 Water Ave 10,800 SF Retail Building Selma, AL 36703 $275,000 ($25.46/SF)
INVESTMENT HIGHLIGHTS
- Historic Water Avenue buildings
- Easy access
- Prime location
EXECUTIVE SUMMARY
Real Estate and Business for Sale. Previously used as a night club. Historic Water Avenue buildings which consist of a large established restaurant and commercial kitchen which overlooks the newly constructed City of Selma Riverfront Park. The building consists of areas on the second floor that could be converted into lofts. The city is presently rehabilitating another historic building into an amphitheater behind the 1400 Block of Water Avenue. Lease Purchase option, Owner Financing Available. Could be used as restaurant featuring a huge kitchen. Interior needs rehabilitation.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$500
|
$0.05
|
| Operating Expenses |
$14,400
|
$1.33
|
| Total Expenses |
$14,900
|
$1.38
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Taxes | |
|---|---|
| Annual | $500 |
| Annual Per SF | $0.05 |
| Operating Expenses | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $1.33 |
| Total Expenses | |
|---|---|
| Annual | $14,900 |
| Annual Per SF | $1.38 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,800 SF
Building Class
C
Year Built
1900
Price
$275,000
Price Per SF
$25.46
Tenancy
Single
Building Height
2 Stories
Slab To Slab
10’
Building FAR
2.00
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
O
Parking
6 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
65’ on Water Ave
AMENITIES
- Restaurant
ABOUT 1300-1302 WATER AVE , SELMA, AL 36703
3 dining rooms, room for more.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-07-36-4-001-007.0000 | Total Assessment | $17,540 |
| Land Assessment | $0 | Annual Taxes | $500 ($0.05/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-07-36-4-001-007.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$17,540
Annual Taxes
$500 ($0.05/SF)
Tax Year
2024
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1300-1302 Water Ave
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