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Property profile & analytics
FOR SALE
Investment properties

853 4Th Ave Troy, NY 12182

7,161 SF 0.28 ac lot Built 1950
Entity Owned Free & Clear
Property ID
US63-1242879
Property summary
AI-generated overview

This exceptional 0.28-acre commercial lot, located at 853 4th Ave Unit 853 in the vibrant city of Troy, New York, presents a unique investment opportunity. Priced at $899,000, this property offers significant potential for a variety of commercial ventures. The substantial lot size provides ample space for development, allowing for flexibility in design and construction. Its strategic location within Troy offers excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving community. The property's address is 853 4th Ave Unit 853, Troy, NY. Given its size and location, this lot is well-suited for a range of commercial uses, from retail establishments and restaurants to office spaces and light industrial facilities. The absence of existing structures allows for complete customization to meet specific business needs. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the property for their intended purpose. This is a rare opportunity to acquire a significant commercial parcel in a desirable location, offering substantial potential for long-term growth and return on investment. The property is ready for immediate development, presenting a compelling opportunity for entrepreneurs and investors alike. Serious inquiries are welcome. The property is listed at $899,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 7,161 SF
Lot 0.28 ac (12,197 SF)
Zoning code R2
APN 381700 80.24-5-2
UPID US63-1242879
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
  • Testo's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
TESTOS RESTAURANT INC
TESTOS RESTAURANT INC
Zoning & alternative use
R2 · Troy, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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