53-55 Congress St Troy, NY 12180
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Downtown Troy Mixed-Use Investment
Property size:
9,265 SFProperty Features for 53-55 Congress St
General Information
- Property type
- Multifamily properties
- Square Feet
- 9,265 SF
- Lot Size
- 6,970 SF
Building Details
- Year Built
- 1900
- Buildings
- 1
- Stories
- 2
Listing Agency: Berkshire Hathaway Home Services Blake Listing Agent: Karen Zalewski-Wildzunas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property, located at 47, 53-55 Congress Street in Troy, New York, presents a compelling investment opportunity. The 9,265 square foot building, constructed in 1900, features a prime downtown location and is zoned DMU (Downtown Mixed Use). The two-story structure sits on a 0.16-acre lot (APN 101.53-13-12) and comprises two ground-floor retail spaces – previously occupied by Bruegger's Bagels and MOSS Bookstore – along with additional second-floor retail space. Adding significant value are four spacious two-bedroom loft apartments, offering considerable rental income potential. The property has undergone recent renovations, but further subdivision of the retail space is possible, creating additional income streams. Its ideal location makes it suitable for a variety of retail uses, including restaurants, cafes, or general merchandise. The combination of established retail and residential components provides a strong foundation for a profitable investment. This is a rare opportunity to acquire a well-located, mixed-use property in the thriving downtown Troy market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.691525
- Latitude
- 42.729037
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Downtown Troy Mixed-Use Investment
Where is this multifamily property located?
The property is located at 53-55 Congress St Troy, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9,265 SF mixed-use building in Troy, NY's downtown.; Prime downtown location, zoned DMU.; Two-story building on a 0.16-acre lot (APN 101.53-13-12).