About This Home

This 0-bedroom, 0-bathroom commercial at 15 Franklin Street in Selma, AL is listed for $296,000 ($48 per sqft). Built in 1900, the home offers 6,200 sqft of living space on a N/A lot.

Key Features

  • Built in 1900
  • 4 parking spaces

Property Details

4 spaces
1900

Amenities

A/C
Listing Description

Step into a one-of-a-kind historic downtown property full of character, charm, and endless potential. The Anchor, located in downtown Selma, is currently operating as an event venue with endless opportunities. The main floor offers an open-concept entertaining space ideal for weddings, parties, corporate events, retail, restaurant or creative use.

It's equipped with smart LED lighting, projector screens, prep kitchen, 4 bathrooms and several storage closets. The second floor is a blank canvas ready for your vision; perfect for expanding the venue space, creating luxury loft apartments, an Airbnb, office suites, private event space, or a personal residence.

Original wood floors, exposed brick walls, and historic beams provide the perfect foundation for redevelopment while preserving the buildings timeless charm. This unique property blends historic charm with modern updates and offers incredible income-producing potential in a prime downtown location. A rare opportunity to own a landmark-style building with both commercial and mixed-use possibilities.

Monthly Cost Estimate

$1,583/mo

20% down · 6.5% · 30 years

Principal$214
Interest$1,283
Insurance$86

Estimates only. Actual payments may vary.

Location

15 Franklin Street

Selma, AL 36703

Property Details

Flooring

WoodConcrete

Construction

BrickVeneer

Heating

Electric (Heating)Central

Cooling

Central AirElectricMulti Units

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 15 Franklin Street is listed at $296,000 ($48/sqft). The estimated monthly payment is $1,583 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 4 parking spaces.

This property is listed by Mandy Henry.

MH

Mandy Henry

License 0077016

Agent at JPW, LLC DBA RE/MAX TRI-STAR

Listed by JPW, LLC DBA RE/MAX TRI-STAR · Broker phone: 3342442400 · Broker website

MLS# 586574· Source: Montgomery Area Association of Realtors MLS· 172 days on PropertySimple

Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15 Franklin Street, Selma, AL 36703

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