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    117 4Th St Troy, NY 12180

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    For Sale
    $424,900

    Spacious mixed-use property with commercial space and apartments in Troy.

    Property size:
    5,601 SF
    Lot size:
    0.07 Acres

    Property Features for 117 4Th St

    General Information

    Size
    5,601 SF
    Lot size
    0.07 Acres

    Source: RE/MAX Solutions Agent David Schrepper

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

    Overview

    Mixed-Use Property in Downtown Troy

    This spacious mixed-use property is located in downtown Troy. The first floor features a commercial space that operated as a family business for over 50 years. The location benefits from significant vehicle and pedestrian traffic. The second and third floors contain apartments in good condition, featuring hardwood floors and a history of successful rentals. Off-street parking is available for 5 vehicles at the rear of the property. Each unit has separate electric and gas meters; the owner is responsible for heat. The property has a history of long-term tenants on month-to-month leases. The property size is 5601 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tony of Italy Hair Salon

    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
    Albany
    State
    New York
    Longitude
    -73.6896372
    Latitude
    42.7291948

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious mixed-use property with commercial space and apartments in Troy.
    Where is this mixed-use property located?
    The property is located at 117 4Th St Troy, NY.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - High-exposure commercial space in thriving downtown Troy, ideal for business ventures.; - Two well-maintained apartments on upper floors with hardwood floors and proven rental history.; - Highly desirable off-street parking for 5 vehicles.
    (518) 330-4209
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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
    117 4Th St Troy, NY 12180
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