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    Gtwy Dr Troy, AL 36081

    Sponsored
    For Sale
    Contact for pricing

    31-acre prime retail development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 31-acre commercial land parcel presents a remarkable development opportunity in the thriving Auburn/Opelika MSA, Alabama. Located on Gateway Drive in Troy, Lee County (zip code 36081), the property boasts approximately 2,061 feet of frontage along a major thoroughfare with an estimated 35,000 average annual daily traffic (AADT). Its strategic location offers unparalleled access to a significant consumer base. The site is situated less than a mile from Interstate 85 (AADT ~58,687), providing convenient regional connectivity. Furthermore, its proximity to TigerTown (less than one mile), a popular destination attracting over 9.9 million annual visitors, and Auburn University (approximately 6 miles), a large and rapidly growing university with over 28,000 students and 5,500 employees, ensures high visibility and substantial potential for retail success. The area demonstrates strong demographics, with an average household income of approximately $87,402. The property is zoned PUD (Planned Unit Development), offering flexibility for a variety of commercial development projects. Its location also benefits from its proximity to major cities, approximately 59 miles from Montgomery, AL, and 103 miles from Atlanta, GA. This is an ideal investment for developers seeking a high-traffic, high-growth location in a dynamic market.

    Property Features for 0 Gtwy Dr

    General Information

    Property type
    Land
    Lot Size
    1,350,360 SF

    HighLights

    • 31‑acre commercial land parcel in Troy, AL (zip code 36081).
    • 2,061 feet of frontage on Gateway Drive with 35,000 AADT.
    • Less than one mile from I‑85 (58,687 AADT) and less than one mile from TigerTown (9.9M annual visitors).
    • Six miles from Auburn University (28,000+ students, 5,500+ employees).
    • PUD zoning allows for flexible commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Lee
    State
    Alabama
    Longitude
    -85.405910935859
    Latitude
    32.629895176336

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    FAQs

    What type of property is this?
    Land - 31-acre prime retail development site
    Where is this land located?
    The property is located at Gtwy Dr Troy, AL.
    What are key features of this property?
    This property features: 31-acre commercial land parcel in Troy, AL (zip code 36081).; 2,061 feet of frontage on Gateway Drive with 35,000 AADT.; Less than one mile from I-85 (58,687 AADT) and less than one mile from TigerTown (9.9M annual visitors).
    (334) 262-1958
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    Gtwy Dr 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
    Gtwy Dr Troy, AL 36081
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