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    1 Hoosick Rd Troy, NY 12180

    Sponsored
    For Sale
    $650,000

    Prime 0.59-acre commercial lot in Troy, NY.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.59-acre commercial land parcel, located at 1 Lord Ave and 663 Hoosick Rd in Brunswick, Rensselaer County, NY (zip code 12180), presents a unique redevelopment opportunity. Priced at $650,000, this B-15 zoned property offers significant potential for various commercial uses. The land boasts a highly desirable corner location with a traffic light, ensuring excellent visibility and accessibility. Its strategic placement directly across from a newly constructed Hannaford supermarket guarantees high traffic volume and a strong customer base. The property's value is further enhanced by its proximity to several existing retail and service businesses. A recent survey and environmental report are readily available for review, streamlining the due diligence process for prospective buyers. This is an exceptional opportunity to acquire a well-situated, ready-to-develop commercial lot in a thriving area. The land value is calculated at $25.29 per square foot. Don't miss this chance to capitalize on this prime location and build your next commercial venture.

    Property Features for 1 Hoosick Rd

    General Information

    Property type
    Land
    Lot Size
    25,700 SF

    HighLights

    • Available for redevelopment.
    • Corner lot with traffic signal.
    • Across from a new Hannaford supermarket.
    • High‑traffic area.
    • Recent survey and environmental report available.
    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
    -73.650382
    Latitude
    42.7424134

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    FAQs

    What type of property is this?
    Land - Prime 0.59-acre commercial lot in Troy, NY.
    Where is this land located?
    The property is located at 1 Hoosick Rd Troy, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Available for redevelopment.; Corner lot with traffic signal.; Across from a new Hannaford supermarket.
    Request Owner's contact information
    1 Hoosick Rd Troy, NY 12180
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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
    1 Hoosick Rd Troy, NY 12180
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