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    867 River St Troy, NY 12180

    Sponsored
    For Sale
    $450,000

    Downtown Troy, 0.11-acre lot, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 867 River Street, Units 867-869 in the vibrant city of Troy, New York, presents a compelling investment opportunity. Situated on a sizable 0.11-acre lot, this property offers significant potential for a variety of uses, catering to both commercial and residential needs. The exact square footage is currently unavailable, however, the substantial lot size and prime downtown location suggest ample space for development or expansion. The asking price is $450,000, reflecting the property's strong potential for return on investment. Its location in Troy offers easy access to major transportation routes, a thriving local economy, and a diverse population base. The property's mixed-use zoning allows for flexibility in its future development, making it an attractive option for entrepreneurs and investors seeking a versatile and strategically located asset. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and allowable uses under current zoning regulations. This is a rare opportunity to acquire a significant piece of Troy's dynamic urban landscape. Serious inquiries are welcome.

    Property Features for 867 River St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    River Store Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.68271
    Latitude
    42.75192

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Troy, 0.11-acre lot, high potential.
    Where is this mixed-use property located?
    The property is located at 867 River St Troy, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    (518) 439-9600
    Request Owner's contact information
    867 River St Troy, NY 12180
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    Troy, NY 12180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    867 River St Troy, NY 12180
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