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    1147 Us-231 Troy, AL 36079

    For Lease
    Contact for pricing

    Publix-anchored center, high traffic, 45,600 SF

    Lot size:
    45,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity presents 45,600 square feet of vacant, in-line space within the thriving Park Place shopping center in Troy, Alabama. Located at 1147 US-231 in Pike County, this single-story building offers unparalleled visibility and accessibility. The property benefits from a high-traffic location at a lighted intersection boasting an impressive 30,012 AADT (Average Annual Daily Traffic). This is a second-generation space, previously occupied by a physical therapy practice, providing a ready-to-occupy layout. The center enjoys a strong tenant mix, including established businesses such as Publix, PetSense, Great Clips, and Marco's Pizza, ensuring a vibrant and successful shopping environment. Its proximity to Troy University, just a four-minute drive away, provides access to a substantial student population of over 10,700. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and profitability. The entire 45,600 square feet is currently available for lease, presenting a unique opportunity to establish a prominent presence in this bustling retail center.

    Property Features for 1147 Us-231

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,600 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    45,600 SF

    HighLights

    • 45,600 SF of vacant inline retail space available for lease in Park Place Shopping Center, Troy, AL.
    • Located at a lighted intersection with 30,012 AADT on US‑231 in Pike County.
    • Across the street from Troy University's main entrance, serving approximately 7,000 students.
    • The George Wallace South Extension provides excellent access, connecting to Hwy 167 and Enzor Road, leading to the Troy Sports Complex.
    • Less than one mile from Veterans Memorial Stadium (30,000 capacity) and Trojan Arena (6,000 capacity).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office 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
    -86.0325629
    Latitude
    31.7719162

    Nearby Comparable

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    Nearby Similar for Lease

    • $33 SF/Yr
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      Troy University Retail Center

      Prime Retail Space, High Traffic
      701 Brundidge Blvd, Troy, AL 36081
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    • $3 SF/Yr
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      Troy Retail Center For Rent

      104,496 SF shopping center in Troy, Alabama.
      111 Southland Vlg, Troy, AL 36079
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      Retail Space on US Highway

      Retail space available on a busy highway near medical center.
      1327-1333 Us-231, Troy, AL 36081
      View Details
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      104,496 SF

      111 Southland Dr

      Retail properties • 104,496 SF
      111 Southland Dr, Troy, AL 36079
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    FAQs

    What type of property is this?
    Individual retail property - Publix-anchored center, high traffic, 45,600 SF
    Where is this individual retail property located?
    The property is located at 1147 Us-231 Troy, AL.
    What are key features of this property?
    This property features: 45,600 SF of vacant inline retail space available for lease in Park Place Shopping Center, Troy, AL.; Located at a lighted intersection with 30,012 AADT on US-231 in Pike County.; Across the street from Troy University's main entrance, serving approximately 7,000 students.
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    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
    1147 Us-231 Troy, AL 36079
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