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    689 Hoosick Rd Troy, NY 12180

    Sponsored
    For Sale
    $850,000

    High-yield Troy property, 0.47 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use investment opportunity is located at 689 Hoosick Rd, Unit 689-691, in the vibrant city of Troy, New York. Situated on a sizable 0.47-acre lot, this property presents a unique chance to acquire a substantial holding in a desirable location. The asking price is $850,000, reflecting the significant potential for return on investment. While the precise square footage is currently unavailable, the substantial lot size and mixed-use zoning suggest ample space for a variety of commercial and potentially residential applications. The property's address indicates a prominent location within Troy, offering excellent visibility and accessibility. 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 an ideal acquisition for investors seeking a strong foothold in the Troy market, offering the potential for significant long-term growth and income generation. The substantial lot size alone presents considerable development possibilities, making this a truly compelling investment prospect. Interested parties are encouraged to conduct thorough inspections and research to fully understand the property's potential and to confirm all details. This is a rare opportunity to acquire a significant mixed-use property in a thriving New York city.

    Property Features for 689 Hoosick Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Silver Griffin Business ... Shipping And Mailing Service IQRCM Medical Billing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.64796
    Latitude
    42.7432

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield Troy property, 0.47 acres.
    Where is this mixed-use property located?
    The property is located at 689 Hoosick Rd Troy, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    (518) 272-4500
    Request Owner's contact information
    689 Hoosick Rd 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
    689 Hoosick Rd Troy, NY 12180
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