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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1147 Us-231 Troy, AL 36079

45,600 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 45,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Publix Super Market at Park Place Specialty Food Shop Supermarket
  • Publix Pharmacy at Park Place Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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