285 2Nd St Troy, NY 12180

This historic four-story factory, constructed around 1840, stands as one of South Central Troy's last remaining industrial landmarks, presenting a redevelopment opportunity. Situated along the Poestenkill Canal and near the Hudson River, the property spans approximately 38,876 square feet and features ceiling heights of over 14 feet. Structural stabilization has been completed, including masonry restoration, chimney repair, a new roof, and joist replacement engineered to support residential loads. Approved redevelopment plans are in place for a mixed-use program that includes retail, residential, and townhome living, with ground-floor commercial space, loft-style apartments on the upper levels, a rear townhome residence, and 15 dedicated parking spaces. Site studies covering traffic, grading, and slope stability have been conducted. The property is located within a district identified in Troy's Comprehensive Community Development Plan as a priority area for reinvestment. The city has initiated projects to transform the district into a mixed-use hub, including brownfield remediation, relocation of a municipal salt storage facility, and completion of River Street extensions to create a continuous waterfront corridor. This property offers potential for loft apartments, creative offices, boutique retail, or a mixed-use destination.