1147 Us-231 Troy, AL 36079
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.
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Publix Super Market at Park Place Specialty Food Shop Supermarket
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Publix Pharmacy at Park Place Pharmacy
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higi Physician
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.