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    401-421 Hanchey St Troy, AL 36081

    For Sale
    $65,000

    Vacant Land,Residential Multi-family,Commercial - Lots & Land

    Lot size:
    1.00 Acre
    Days on Market:
    133
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 401-421 Hanchey St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Cedar II Realty (334) 372-7958

    Listing agent Anthony Kilpatrick (334) 770-0872

    Listing date Aug 4, 2025

    MLS# 27279 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

    Troy, AL - Zoned M2 Lots

    Two lots zoned M2 are available in Troy, Alabama. One lot, located at 401 Hanchey Street, is situated on the corner of East Madison Street and Hanchey Street. The second lot, located at 421 Hanchey Street, features approximately 550 feet of road frontage and includes a commercial building that requires refurbishment. This building could be suitable for storage or use as a workshop. The combined lots total approximately 1 acre.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.969058
    Latitude
    31.803252

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    FAQs

    What type of property is this?
    Land - Two M2 zoned lots in Troy, AL with road frontage.
    Where is this land located?
    The property is located at 401-421 Hanchey St Troy, AL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Zoned M2 for commercial use, offering diverse business possibilities.; - Two lots included in the sale, increasing investment potential.; - Prime location in the heart of Troy, AL.
    (334) 770-0872
    Request Owner's contact information
    401-421 Hanchey St 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
    401-421 Hanchey St Troy, AL 36081
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