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    453 2Nd Ave Troy, NY 12182

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    For Sale
    $3,193,000

    Retail property with long-term tenant in Troy, NY.

    Property size:
    10,125 SF
    Lot size:
    1.53 Acres

    Property Features for 453 2Nd Ave

    General Information

    Size
    10,125 SF
    Lot size
    1.53 Acres

    Source: Matthews Real Estate Investment Services | Fort Lauderdale Agent Dylan Schroeder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Troy Retail Property For Sale

    The retail property, with a size of 10125 square feet, is located in Troy, NY. The property is occupied by CVS, which has been operating at this location since 2004. CVS recently renewed its lease at this site. Landlord responsibilities are limited to the roof and structure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm 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.

    Similar Places Nearby

    Lindsay Drug Co, Kathleen Bonnier, Mary Lettko, Thomas Patricelli, Mary Beth Poland

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.6795689
    Latitude
    42.7705058

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    FAQs

    What type of property is this?
    Drug store - Retail property with long-term tenant in Troy, NY.
    Where is this drug store located?
    The property is located at 453 2Nd Ave Troy, NY.
    What is the asking price?
    The asking price for this property is $3,193,000.
    What are key features of this property?
    This property features: - CVS recently renewed its lease, showing a strong commitment.; - CVS has been operating here since 2004, indicating a successful long-term presence.; - Landlord responsibilities are limited to the roof and structure, offering passive ownership.
    (954) 288-3678
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    453 2Nd Ave Troy, NY 12182
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    Troy, NY 12182
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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
    453 2Nd Ave Troy, NY 12182
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