Three-Story Mixed-Use
New
For Sale
$3,890,000
1 3RD Street, Troy, NY 12180
Retail and office space is fully occupied by a mix of established businesses.
Property Size49,965 SF
Price / SF$77.85
Days on Market6
Property Features for 1 3RD Street
General Information
Standard status
Active
Size
49,965 SF
Property subtype
Commercial
Zoning
DMU
Occupancy
100%
Financials
Asking Price
$3,890,000
Cap Rate
6%
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Year Built
1840
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Carrow Real Estate Services LLC
Listed By:
Kyle J Bradley · License #10401359503
(518) 462-7491
Source:
Signatureonerealtygroup
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carrow Real Estate Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 49,965 square feet of retail and office space and dates to 1840. The building is 100% occupied, with tenants including Warner Bros., Velan Studios and Stacks Espresso. Downtown Mixed Use (DMU) zoning applies to the property.
At 1 3RD Street in Troy, the building occupies a corner in the historic downtown area, close to Monument Square, River Street and the Hudson River waterfront. The setting offers pedestrian access to downtown destinations, nearby public parking and connections to I-787, RPI and Russell Sage College. The property reports a 6.0% capitalization rate on in-place income.
At 1 3RD Street in Troy, the building occupies a corner in the historic downtown area, close to Monument Square, River Street and the Hudson River waterfront. The setting offers pedestrian access to downtown destinations, nearby public parking and connections to I-787, RPI and Russell Sage College. The property reports a 6.0% capitalization rate on in-place income.
Key Highlights
- 49,965 SF across three stories
- 100% occupied retail and office property
- Tenants include Warner Bros., Velan Studios and Stacks Espresso
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space is fully occupied by a mix of established businesses.
Where is this mixed-use property located?
The property is located at 1 3RD Street Troy, NY.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: 49,965 SF across three stories; 100% occupied retail and office property; Tenants include Warner Bros., Velan Studios and Stacks Espresso
