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    120 U.S 231 N Troy, AL 36079

    For Sale
    $1,500,000

    Commercial - Troy, AL

    Lot size:
    13.27 Acres
    Days on Market:
    269
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 120 U.S 231 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Land 5-25 Acres
    Lot size
    13.27 Acres

    Building Details

    Architectural style
    Other

    LANDMARK REALTY (334) 566-9000

    Listing agent Emily Ellis (334) 566-9000

    Listing date Mar 20, 2025

    MLS# 24225 Listing URL

    Copyright © 2025 Pike County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Development Land, Troy

    This is a 13.27-acre commercial development property located on U.S. 231 in Troy, AL. The site features 488 feet of highway frontage and 450 feet on Anderson Road. Zoned C-4, the property is cleared and ready for construction. All public utilities are available or near the property. The location is suitable for a restaurant, auto sales, retail stores, or offices. The property could accommodate big box stores, hotels, medical offices, or apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.97707192
    Latitude
    31.79226118

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    FAQs

    What type of property is this?
    Commercial land - 13.27 acres of commercial land on U.S. 231, Troy, AL.
    Where is this commercial land located?
    The property is located at 120 U.S 231 N Troy, AL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime commercial development property on U.S. 231.; - Zoned C-4, allowing for diverse commercial uses like restaurant, auto sales, retail, offices, big box stores, hotels, medical offices, and apartments.; - Cleared and ready for construction.
    (334) 566-9000
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    120 U.S 231 N Troy, AL 36079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 U.S 231 N Troy, AL 36079
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