515 Mabry St

515 Mabry St, Selma, AL 36701

  • For Sale $499,000
  • Property Type Multi-Family
  • Property Size 33,543 SF
  • Units 121
  • Lot Size 2.65 Acre
  • Building Class B
  • Year Built 1884
  • Date Updated Apr 3, 2025
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.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.
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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)
  • 10% discount available if entire portfolio is purchased
  • OWNER FINANCING available, motivated seller

Contacts

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eXp Commercial

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Selma, AL
  • Zip Code 36701

Points of Interest

  • Cougar Mini Shop

    1.46 miles

  • Marathon

    1.48 miles

  • Murphy USA

    1.71 miles

  • Texaco

    2.58 miles

  • Captain's Corner Gas Station

    2.76 miles

  • Petro Gas Station

    5.18 miles

  • Chevron

    5.24 miles

  • Selma City Marina Parking

    1.25 miles

  • St. James Hotel

    0.63 miles

  • Luxury Inn and Suites

    1.43 miles

  • Hospitality Inn

    1.61 miles

  • Craig Motel

    1.81 miles

  • American Inn of Selma

    2.11 miles

  • El Ranchero

    0.43 miles

  • Bayou Rouge Bistró

    0.45 miles

  • Domino's

    1.38 miles

  • Zaxby's

    1.41 miles

  • McDonald's

    1.42 miles

  • Daylight Donuts

    1.46 miles

  • Burger King

    1.46 miles

  • Sonic

    1.49 miles

  • Little Caesars

    1.49 miles

  • Pizza Hut

    1.49 miles

  • Tremont School

    0.09 miles

  • Byrd Elementary School

    0.21 miles

  • Knox Elementary School

    0.35 miles

  • Baker School

    0.42 miles

  • Saint Elizabeths School

    0.46 miles

  • Clark Elementary School

    0.57 miles

  • Payne Elementary School

    0.78 miles

  • Selma University

    0.80 miles

  • R. B. Hudson Middle School

    0.88 miles

  • Alabama Academy

    1.12 miles

  • George Washington Carver Headstart

    0.66 miles

  • McRae-Gaines Learning Center

    1.45 miles

  • Barney Child Care and Learning Center

    3.54 miles

Frequently Asked Questions

How much does 515 Mabry St cost?

The space currently listed for sale at 515 Mabry St asks for $499,000.

What is the total square footage of 515 Mabry St?

515 Mabry St totals 33,543 square feet.

When was this property built?

515 Mabry St was built in 1884.

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