15 Franklin Street, Selma, AL 36703
Dallas County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1900
Living Area
6,200 sq ft
Lot Dimensions
66x51x67x51
Parking Spaces
4
MLS® Listing#
586574
Property Features
Interior
Cooling
Heating
Flooring
Lot Features
Construction
Utilities
Financial Details
Annual Taxes
$87
Parcel Number
11-07-36-1-006-043.0000
Directions
Located on Franklin Street right off Water Avenue
Affordability Calculator
$59,200
Estimated monthly payment
$1,575/mo
Principal $236,800 · Est. interest $330,357 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Selma, AL
- 85
- Median Days on Market
- 1,766
- Median Sq Ft
- $60
- Median Price / Sq Ft
- 75
- Active Listings
- Its price per sq ft is 20% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Selma, AL.
Location
Points of Interest in Selma, AL
Showing the Selma area map.
Nearby Schools
Little Friends School
School · 0.3 mi away
Clark Elementary School
Elementary · 0.3 mi away
School of Discovery
Secondary · 0.3 mi away
Dallas County
School · 0.4 mi away
Kingston Elementary School
Elementary · 0.7 mi away
Byrd Elementary School
Elementary · 0.8 mi away
Selma City Schools
School · 0.8 mi away
Payne Elementary School
Elementary · 0.9 mi away
Selma Middle Chat Academy
School · 1.3 mi away
Selma High School
Secondary · 1.5 mi away
Selma City Schools
School · 1.5 mi away
Edgewood Elementary School
Elementary · 1.8 mi away
Ellwood Christian Academy
School · 2.1 mi away
Ellwood Community Church
School · 2.1 mi away
Dallas County Career Technical Center
Secondary · 2.5 mi away
Tipton Middle School
Secondary · 2.5 mi away
Meadowview Christian School
Secondary · 2.6 mi away
Wallace Community College Selma
School · 2.6 mi away
Meadowview Elementary School
Elementary · 2.9 mi away
Southside Primary School
Elementary · 3.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2801 Earl Goodwin Parkway, Selma, AL | $211,985 | — | — | 3,000 |
| 620 Lapsley Street, Selma, AL | $219,900 | 4 | 3 | 4,173 |
| 2005 W Dallas Avenue, Selma, AL | $219,999 | 4 | 3 | 2,174 |
| 9 Bell Road, Selma, AL | $225,000 | — | — | 6,120 |
| 212 Pine Needle Drive, Selma, AL | $229,900 | 4 | 3 | 2,566 |
| 615 Cahaba Road, Selma, AL | $235,000 | — | 3 | 1,500 |
Moving Cost Estimate
EXIT Agents in Selma
Listing Courtesy: RE/MAX Tri-Star - 3342442400
Last Updated: 2026-05-08