50 4Th StTroy, NY 12180

Property Details for 50 4Th St

Year built

1936

Lot size

0.09 AC

Property size (Sq ft)

6,612 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

381700 101.45-7-8

APU

3817001014578

Description

This exceptional retail opportunity is located at 50 4th Street, Unit 50, in the vibrant city of Troy, New York. The property boasts a generous 0.09-acre lot, providing ample space for outdoor seating, signage, or potential expansion. The interior square footage is currently undetermined and will require further assessment. The property is zoned for retail use, making it suitable for a wide range of businesses, from boutiques and cafes to service-oriented enterprises. Its location on 4th Street offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. Troy is a rapidly growing city with a strong local economy and a diverse population, providing a robust customer base for any retail venture. This property presents a unique chance to establish a successful business in a prime location. The asking price is currently being determined. Interested parties are encouraged to conduct their own due diligence and contact the listing agent for further information and to schedule a viewing. This is a rare opportunity to secure a well-situated retail space in a dynamic and up-and-coming area. Don't miss out on this chance to establish your business in the heart of Troy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,642,523

  6.5%

  $1,516,175

  7%

  $1,407,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,731

  Geo Method

  $863,924

• Alternative Use

  Use

  Valuation

  Residential

  $1,880,057

  Hospitality

  $1,722,122

  Educational

  $1,432,786

  Medical

  $1,482,061

  Retail

  $2,228,778

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7319

Longitude

-73.6885

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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