Troy, Missouri: A Premier Destination for Commercial Real Estate

Introduction

Troy, Missouri stands as a growing hub for commercial real estate, offering a unique blend of small-town charm and economic potential. With a population of approximately 12,000, this city serves as a strategic gateway to larger markets in the region. Its economy thrives on diverse sectors including manufacturing, retail, and agriculture, which collectively drive demand for various types of commercial real estate (CRE). Positioned conveniently near St. Louis, Troy offers a unique positioning for commercial real estate professionals looking to capitalize on a burgeoning market.

Economic and Industry Overview

Troy's economy is anchored by its robust industrial and retail sectors. The city has seen significant growth in manufacturing, logistics, and agriculture, each contributing to the demand for industrial and office spaces. Major industry clusters include:

• Manufacturing: Driving demand for industrial properties, the sector includes automotive, machinery, and food processing.
• Retail: The presence of national retail chains and local businesses supports a thriving retail real estate market.
• Agriculture: Surrounding agricultural activities bolster demand for logistics and distribution facilities.

For more insights, explore the Lincoln County Economic Development initiatives, which focus on fostering industry growth and attracting new businesses.

Strategic Location and Transportation Infrastructure

Troy is strategically located with access to major transportation networks, making it an ideal location for logistics and distribution:

• Highways: Proximity to U.S. Route 61 facilitates easy access to St. Louis and beyond.
• Airports: St. Louis Lambert International Airport is approximately 50 miles away, offering domestic and international flights.
• Rail Lines: Access to freight rail services enhances logistics capabilities.

For detailed transportation infrastructure, visit the Missouri Department of Transportation.

Commercial Real Estate Inventory & Zoning

Troy offers a diverse range of commercial real estate options across its key submarkets:

• Central Business District (CBD): Offers a mix of retail and office spaces ideal for small businesses.
• Industrial Corridors: Located on the outskirts, these areas provide ample space for warehousing and manufacturing.
• Retail Zones: Home to shopping centers and standalone retail establishments.

Zoning maps and parcel viewers are available through the City of Troy Zoning Department.

Major Employers and Institutions

Troy hosts several major employers that significantly impact CRE demand:

• Hoffman Brothers Inc. and Toyota Bodine Aluminum: Significant contributors to industrial and office space demand.
• Lincoln County R-III School District: A major employer contributing to the local economy.
• Lincoln County Medical Center: Drives demand for medical office space.

For a complete list, visit the Lincoln County Business Directory.

Notable Commercial Developments & Projects

Troy is witnessing an influx of new developments that are reshaping its commercial landscape:

• Lincoln Crossing: A mixed-use development featuring retail, dining, and office spaces.
• Opportunity Zones: Designated areas offering tax incentives for investment.

Details on ongoing projects can be found at the Troy Planning Department.

Building Permits, Planning, and Development Tools

Access crucial planning and development resources:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Development Code

Market Data & Economic Reports

Utilize public data sets to inform investment decisions:

• Census Data
• City's Open Data Portal

Brevitas leverages AI-powered aggregation and internal insights to provide comprehensive market data. Explore our Brevitas-powered dashboards for Troy, Missouri.

Why Use Brevitas for Troy, Missouri CRE?

Brevitas offers an unparalleled platform for discovering and managing commercial real estate opportunities in Troy. Our features include:

• AI-driven CRE Discovery: Identify properties that match your investment criteria.
• Real-time Market Alerts: Stay informed with the latest market trends.
• Smart Property Pages and Dealroom Collaboration: Streamline your transactions with innovative tools.

Brevitas provides exclusive listings, premium exposure, and seamless integration with brokers and developers. Discover Troy, Missouri's CRE potential with Brevitas.