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    462 2Nd Ave Troy, NY 12182

    Sponsored
    For Sale
    $2,900,000

    High-traffic location, redevelopment opportunity.

    Property size:
    6,098 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 462-470 2nd Ave in Troy, NY, presents a compelling redevelopment opportunity. Priced at $2,900,000, this 6,098 square foot lot boasts a prime corner location at the main entry point to North Troy, directly across the bridge from Cohoes. The property features 100 feet of frontage along 2nd Avenue and extends 120 feet deep to an alley. Its strategic position is further enhanced by its proximity to established businesses, including a Stewart's Shop, Mr. Subb, and a CVS Pharmacy, located at nearby corners and across the street. This high-traffic area benefits from significant daily traffic counts, with an AADT of 13,837, and eastbound and westbound counts of 7,029 and 6,808 respectively. The property currently includes existing buildings that would require demolition to facilitate redevelopment. The permitted zoning is B2, offering flexibility for a variety of commercial uses. This location is ideal for a national retail brand seeking high visibility and significant foot traffic. Built in 1850, this site offers a unique chance to create a modern commercial space in a well-established and thriving community. The price per square foot is $475.57.

    Property Features for 462 2Nd Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,098 SF

    Building Details

    Year Built
    1850

    HighLights

    • $2,900,000 redevelopment opportunity in Troy, NY.
    • 6,098 sq ft lot at a prime corner location in North Troy, across from Cohoes.
    • 100 ft of frontage on 2nd Ave, 120 ft deep to an alley.
    • High‑traffic area with AADT of 13,837.
    • B2 zoning allows for flexible commercial uses.
    • Existing buildings require demolition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Rensselaer
    State
    New York
    Longitude
    -73.679118425769
    Latitude
    42.770661262303

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, redevelopment opportunity.
    Where is this mixed-use property located?
    The property is located at 462 2Nd Ave Troy, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 redevelopment opportunity in Troy, NY.; 6,098 sq ft lot at a prime corner location in North Troy, across from Cohoes.; 100 ft of frontage on 2nd Ave, 120 ft deep to an alley.
    Request Owner's contact information
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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
    462 2Nd Ave Troy, NY 12182
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