49 4Th St Troy, NY 12180
- Office Properties & Spaces
- 73,000 SF
- 0.84 lot acres
Current Use by Public Records
- CVS Pharmacy / Pharmacy
- CVS / Cosmetics Store / Greeting Card Shop
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- Independent Living Center / Non-Profit Organization
- Pathstone / Senior Citizen Center
Property Details for 49 4Th St
- Year built
- 1970
- Lot size
- 0.84 lot acres
- Property size
- 73,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional redevelopment opportunity presents 73,000 square feet of vacant Class B office and retail space in a prime downtown Troy location. Situated on a 0.84-acre lot at 49 4th Street, this two-story, 1970-built building (renovated in 1990) benefits from a DMU (Downtown Mixed-Use) zoning designation, allowing for diverse commercial, residential, and limited industrial uses. Its strategic location offers immediate access to the Hudson River and a major highway, placing it at the gateway to downtown Troy. The property boasts shared utility services with adjacent structures, enhancing operational efficiency. Priced at $2,500,000 ($34.25/SF), this asset is part of a larger three-parcel portfolio, presenting significant potential for investors seeking substantial returns through repositioning or redevelopment. The building's structural connection to neighboring properties (2 3rd St and the Troy Atrium) offers unique development possibilities. This vacant property presents a blank canvas for a visionary developer to create a landmark project in a thriving urban setting. The property is located in Rensselaer County, NY, zip code 12180.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.6902
- Latitude
- 42.7313
