Renovated Vintage Building in Downtown
28 W Canal St Troy, OH
28 W Canal St, Troy, OH, 00000
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For Sale
Contact for pricing
Turn-key, renovated two-story building in Troy's Historic Downtown.
Property Size2,059 SF
Lot Size0.06 Acres
Price / SF$126.23
Days on Market235
Property Features for 28 W Canal St
General Information
- Standard status
- Active
- Size
- 2,059 SF
- Lot size
- 0.06 Acres
- Property subtype
- RETAIL
Listing Agency
Galbreath REALTORS
(937) 216-0922
Listed by
Mary E Couser
(937) 216-0922
Source
Moodyscre
Added: Nov 24, 2025 Checked: Jul 16 at 4:16 am
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 Galbreath REALTORS
Investment Insights
Based on property information with market context.
This renovated two-story building is located in the heart of historic downtown Troy. Situated within Troy's B-3 Central Business District, the property includes four parcels of ground totaling 0.2513 acres. The building features spacious rooms, original woodwork, a staircase, and built-ins. The remodeled kitchen includes white cabinets and stainless steel appliances. The first floor features a primary bedroom with a walk-in closet and a 13x13 bathroom with a nook for a combination washer/dryer unit. The second floor offers three bedrooms and a 7x13 bathroom with a shower. The full basement includes three unfinished rooms and two storage areas. Energy-efficient dual Trane HVAC systems and a water heater were installed in 2021. The roof and vinyl replacement windows were updated in 2018. The property offers old-world charm with updated amenities. The building has 2,059 square feet of space.
Key Highlights
- Located in Troy's B‑3 Central Business District with 4 Parcels of Ground Totaling 0.2513 of an Acre, offering potential commercial use.
- Turn‑key ready and beautifully renovated, blending old‑world charm with updated amenities.
- Grand primary 1st‑floor bedroom with walk‑in closet and a 13x13 bathroom including laundry nook.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $20.04 |
| − Vacancy | −$10.3k | −$5.01 |
| EGI | $30.9k | $15.03 |
| − OpEx | −$7.7k | −$3.76 |
| NOI | $23.2k | $11.27 |
2,059 SF · lease $20.04/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$331.6K
$290.1K – $386.8K
NOI $23,210 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.6K
$367.2K – $489.6K
NOI $29,375 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turn-key, renovated two-story building in Troy's Historic Downtown.
Where is this office units located?
The property is located at 28 W Canal St Troy, OH.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Located in Troy's B‑3 Central Business District with 4 Parcels of Ground Totaling 0.2513 of an Acre, offering potential commercial use.; Turn‑key ready and beautifully renovated, blending old‑world charm with updated amenities.; **Grand primary 1st‑floor bedroom with walk‑in closet and a 13x13 bathroom including laundry nook.**
