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Commercial Building and Vacant Lot
For Sale
$399,000

540 River Street, Troy, NY 12180

Three-story commercial building and vacant lot in growing neighborhood.

Property Size9,135 SF
Price / SF$43.68
Days on Market141

Property Features for 540 River Street

General Information

Standard status Active
Size 9,135 SF
Property subtype SpecialPurpose
Listing Agency: CBRE | Albany
Listed By: Ann MacAffer · License #Associate Real Estate Broker
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Aug 11 at 6:32AM

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.

Offered for sale is a three-story commercial brick building with ±9,135 square feet and a vacant lot located in a growing neighborhood just north of downtown Troy, NY. The property is situated on Route 4 (River Street), between Hoosick Street and Vanderheyden Street, across from Flanagan Square and adjacent to Bargain Grocery. Currently built out as a private club and gym, the building can be sold alone or with the lot; however, the lot cannot be sold alone unless the building is already sold. The lot is separated from the River Street building by a public road. The property provides ±25 parking spaces and is in close proximity to I-787. The third floor has never been built out.

Key Highlights

  • ±9,135 SF three‑story commercial brick building in a growing neighborhood near downtown Troy, NY.
  • Includes ±25 parking spaces.
  • High‑visibility location on Route 4 (River Street), adjacent to Bargain Grocery and across from Flanagan Square.

Property Analytics

Current Use

River Street Club Spa & Massage Center

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Carpet & Flooring Store Pharmacy HVAC Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

1,878
Businesses Nearby
Well-served
Demand for This Use

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Fitness center & gym - Three-story commercial building and vacant lot in growing neighborhood.
Where is this fitness center & gym located?
The property is located at 540 River Street Troy, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: ±9,135 SF three‑story commercial brick building in a growing neighborhood near downtown Troy, NY.; Includes ±25 parking spaces.; High‑visibility location on Route 4 (River Street), adjacent to Bargain Grocery and across from Flanagan Square.
More about this property
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