Property summary
This exceptional mixed-use property in Troy, New York, presents a unique investment opportunity. Located at 1217 NY-7, this 5,936 square foot building, constructed in 1994, sits on a 0.95-acre lot and is zoned B-15 Commercial. The building features a ground floor retail space with an attached garage, complete with an overhead door, ideal for loading and unloading. Upstairs, two offices boast a balcony overlooking a spacious showroom. These offices are connected to a well-maintained three-bedroom, two-bathroom apartment, adding significant residential value. A private swimming pool is also included on the property. The property benefits from its location on Hoosick Roads, ensuring high visibility and convenient access. The current tenant, Atlantic Pools Sales & Services, has operated successfully at this location for over 29 years, demonstrating the property's strong potential for continued income generation. The asking price is $800,000, reflecting a price per square foot of $134.77. The seller is motivated and open to reasonable offers, making this a compelling investment opportunity for discerning buyers. The two-story building offers a blend of commercial and residential uses, providing flexibility and potential for diverse income streams. This property is a rare find in the Troy market, combining prime location, established tenancy, and attractive residential amenities.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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