A new nonaromatic selenabenziporphyrin was synthesized by (3 + 1) condensation of m-benzitripyrrane and 2,5-bis[( p-tolyl)hydroxymethyl] selenophene under mild trifluoroacetic acid-catalyzed reaction conditions. The selenabenziporphyrin was characterized by high-resolution mass spectrometry, one- and two-dimensional NMR spectroscopy, and X-ray crystallography. The crystal structure revealed that the macrocycle was planar with moderately tilted m-phenylene ring and that the phenylene ring completely blocks the macrocyclic π-delocalization. The selenabenziporphyrin exhibits one broad absorption band at 645 nm along with one sharp band at 415 nm, and electrochemical studies revealed that the macrocycle was electron-deficient. The selenabenziporphyrin readily forms organometallic Pd(II) complex when treated with PdCl2 in CH3CN/CHCl3 at reflux followed by recrystallization. The X-ray structure revealed that the Pd(II) ion was coordinated with two pyrrole "N"s, selenophene "Se", and m-phenylene ring "C" in square-planar fashion, and the complex retained its nonaromatic nature. The Pd(II) complex exhibits ill-defined absorption bands, and it was more electron-deficient than free-base selenabenziporphyrin macrocycle. Time-dependent density functional theory studies supported the experimental observations.