Retail Space with Covered
For Sale
Contact for pricing
2113 State Highway 7, Troy, NY 12180
An existing commercial kitchen and a window-lined front area provide distinct spaces within the suite.
Property Size16,280 SF
Price / SF$0.20
Days on Market203
Property Features for 2113 State Highway 7
General Information
Standard status
Active
Size
16,280 SF
Property subtype
Business
Additional Details
Patio
Yes
Amenities
stone woodburning fireplace
covered patio
Building Details
Year Built
1994
Listing Agency:
Coldwell Banker Prime Properties
(518) 674-3238
Listed By:
Laurie E Leckonby · License #30LE1027824
(518) 669-2766
Source:
Simplywoodardrealestate
Added: Apr 13
Changed: Nov 1
Last Checked: Nov 1 at 3:34PM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
The retail space is currently arranged as a restaurant, with a large rear area set up as a commercial kitchen. At the entrance, a dedicated double-door foyer has tiled flooring and an adjacent coat closet or storage area. Windows on three sides bring daylight into the front portion, which also features pendant lighting and a stone wood-burning fireplace. A tiled transition connects this area to the rear space, which can be reconfigured for other uses. A covered patio extends the usable area outdoors.
Paved parking is available in front of and alongside the space. The property is located at 2113 State Highway 7 in Pittstown, New York, in a building constructed in 1994.
Paved parking is available in front of and alongside the space. The property is located at 2113 State Highway 7 in Pittstown, New York, in a building constructed in 1994.
Key Highlights
- 3,200 SF retail space currently configured as a restaurant
- Rear area has a commercial kitchen setup and can be reconfigured
- Double‑door tiled entry foyer with adjacent coat closet or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,993
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,139,860
$4.1M
Cap Rate 7%
$2,957,043
$3.0M
Cap Rate 9%
$2,299,922
$2.3M
Market Conditions
NOI Build-Up for 16,280 SF
Gross rent
$308.7K $18.96/SF
− Vacancy
−$13.0K −$0.80/SF
EGI
$295.7K $18.16/SF
− OpEx
−$88.7K −$5.45/SF
NOI
$207.0K $12.71/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,139,860
Cap Rate 7%
$2,957,043
Cap Rate 9%
$2,299,922
Alternative Uses
Best Use
Specialty Retail
$3.61M
$3.16M – $4.21M
NOI $252,659 @ 7.0% cap · market cap 7,895.59%
Second Best
Retail
$2.96M
$2.59M – $3.45M
NOI $206,993 @ 7.0% cap · market cap 6,468.53%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,882 @ 7.0% cap · market cap 8,902.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An existing commercial kitchen and a window-lined front area provide distinct spaces within the suite.
Where is this retail space located?
The property is located at 2113 State Highway 7 Troy, NY.
What are key features of this property?
This property features: 3,200 SF retail space currently configured as a restaurant; Rear area has a commercial kitchen setup and can be reconfigured; Double‑door tiled entry foyer with adjacent coat closet or storage
