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Historic Office Building with Passenger Elevator
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251 River St, Troy, NY 12180

Steel-reinforced concrete office building with EPDM roof installed in 2015 and a passenger elevator

Property Size29,760 SF
Lot Size0.13 Acres
Price / SF$57.12
Days on Market517

Property Features for 251 River St

General Information

Standard status Active
Size 29,760 SF
Elevators Yes
Lot size 0.13 Acres
Property subtype OFFICE

Additional Details

Utilities to Site Yes

Building Details

Buildings 1
Stories 5
Construction steel reinforced concrete
Listing Agency: CBRE | Albany
Listed By: Eric Simonds · License #10301208701
Source: Moodyscre
Added: Mar 22, 2025 Changed: Aug 16 Last Checked: Aug 19 at 10:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Albany

Investment Insights

Based on property information with market context.

This historic office building features steel-reinforced concrete construction and flexible space that can continue as office use or be converted for residential use. Ceiling heights include 9’ in the basement, 13’ on the first floor, and 10’ on the second through fifth floors. The property is served by an EPDM roof installed in 2015 and includes 800 amp power and one passenger elevator.

The building sits on a 0.13-acre site and overlooks the Hudson River. An adjacent municipal parking lot provides nearby off-street parking for visitors and occupants.

With approximately 29,760 SF of space, the building offers multiple levels and generous ceiling heights for a range of office layouts, while also supporting consideration of alternative residential conversion uses where appropriate.

Key Highlights

  • Steel‑reinforced concrete construction
  • Ceiling heights of 9’ basement, 13’ first floor, and 10’ second through fifth
  • EPDM roof installed in 2015

Property Analytics

Current Use

Law Office of Ryan ... Law Firm Art of Reiki Physician Troy Turkey Trot Hotel & Motel Gilchrist Tingley, P.C. Law Firm Parsley Jr Lawrence ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Tech Support Center Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,100
Businesses Nearby

Demographics for 12180, NY

55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Steel-reinforced concrete office building with EPDM roof installed in 2015 and a passenger elevator
Where is this office building located?
The property is located at 251 River St Troy, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Steel‑reinforced concrete construction; Ceiling heights of 9’ basement, 13’ first floor, and 10’ second through fifth; EPDM roof installed in 2015
(518) 598-9985 Call to check price and availability
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