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    55 3Rd St Troy, NY 12180

    For Sale
    $1,600,000

    Prime Location, 17,100 SF, $1.6M

    Property size:
    17,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property at 55 3rd Street in Troy, New York, presents a unique investment opportunity. The building, constructed in 1890, boasts 17,100 square feet spread across three stories. Its permitted zoning is B4, offering flexibility for a variety of uses. The building's 0.13-acre lot provides ample space, while its prime location in the heart of historic Troy ensures high visibility and accessibility. The asking price for the building is $1,600,000, translating to a price per square foot of $93.57. The property features a blend of office and retail space, making it ideal for a diverse range of businesses. The building's address is 55 3rd Street, Troy, NY 12180, with the Assessor's Parcel Number (APN) being 101.53-8-11. Note that the listed price of $1,600,000 is for the building only

    Property Features for 55 3Rd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    17,100 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    3

    HighLights

    • Exceptional mixed‑use investment opportunity in historic Troy, NY.
    • 17,100 square foot building on a 0.13‑acre lot.
    • Three‑story building with B4 zoning, allowing for diverse uses.
    • Prime location at 55 3rd Street, Troy, NY 12180 (APN 101.53‑8‑11).
    • Asking price: $1,600,000 ($93.57/SF).
    • Features a blend of office and retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Takk House Event Venue LGBBTLAWYER group Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6908231
    Latitude
    42.7303757

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, 17,100 SF, $1.6M
    Where is this mixed-use property located?
    The property is located at 55 3Rd St Troy, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in historic Troy, NY.; 17,100 square foot building on a 0.13-acre lot.; Three-story building with B4 zoning, allowing for diverse uses.
    (518) 464-0870
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    55 3Rd St 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
    55 3Rd St Troy, NY 12180
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