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    192 Highway 231 Troy, AL 36081

    For Sale
    $1,000,000

    Vacant Land,Commercial, Lots & Land - Troy, AL

    Lot size:
    2.75 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 192 Highway 231

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.75 Acres

    Building Details

    Architectural style
    Other

    Cedar II Realty (334) 372-7958

    Listing agent Amanda Wise (334) 770-0872

    Listing date Sep 16, 2025

    MLS# 27390 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

    Commercial Land on Highway 231

    This 2.75-acre commercial lot is located on Highway 231 in Troy, AL. The property features 321 feet of road frontage, making it a high-visibility location with excellent access. It is suitable for new businesses, hotels, gas stations, and other commercial developments. This lot offers development potential for entrepreneurs and investors looking to capitalize on a thriving commercial area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.8888027
    Latitude
    31.75855524

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    FAQs

    What type of property is this?
    Commercial land - 2.75-acre commercial lot with high visibility and road frontage.
    Where is this commercial land located?
    The property is located at 192 Highway 231 Troy, AL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime 2.75-acre commercial lot.; - Boasting 321 feet of road frontage on HWY 231.; - High-visibility location with excellent access.
    (334) 770-0872
    Request Owner's contact information
    192 Highway 231 Troy, AL 36081
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    Troy, AL 36081
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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
    192 Highway 231 Troy, AL 36081
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