1288 Us-231 Troy, AL 36081
- Land
- 67.00 lot acres
Current Use by Public Records
- Land
Property Details for 1288 Us-231
- Lot size
- 67.00 lot acres
- Property type
- Land
Description
This exceptional 67-acre residential development site in Troy, Alabama, presents a unique investment opportunity. Located conveniently off Highway 231 N, near Troy's vibrant downtown area, this property boasts fully approved zoning and entitlements for 119 residential lots. All utilities are readily available on-site. The strategic location offers easy access to Troy University, a significant population driver, and is within close proximity to major employers including the new Rex Lumber site, Kimber Guns corporate headquarters, and the upcoming Conecuh Brands Distillery. Lockheed Martin's recent expansion further underscores Troy's robust economic growth. The city itself offers a blend of small-town charm and urban amenities, including a thriving downtown square. This property is ideally suited for residential development, capitalizing on Troy's expanding population and economic vitality. The seller is open to flexible financing and purchase terms to facilitate a smooth transaction for the right developer. The property is situated in Pike County, Alabama, with a zip code of 36081. The asking price is $2,600,000, translating to $38,806 per acre. This represents a compelling opportunity to acquire a significant land parcel in a rapidly growing market. The property is offered fee simple.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Pike
- State
- Alabama
- Longitude
- -85.9474
- Latitude
- 31.7809
