53-55 Congress St Troy, NY 12180
- Investment properties
- 6,372 SF
- 0.06 lot acres
Current Use by Public Records
- Investment properties
Property Details for 53-55 Congress St
- Year built
- 1900
- Lot size
- 0.06 lot acres
- Property size
- 6,372 SF
- Zone code
- B4
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 381700 101.53-13-10
- APU
- 381700101531310
Description
This exceptional mixed-use property, located at 47, 53-55 Congress Street in Troy, New York, presents a compelling investment opportunity. The 9,265 square foot building, constructed in 1900, features a prime downtown location and is zoned DMU (Downtown Mixed Use). The two-story structure sits on a 0.16-acre lot (APN 101.53-13-12) and comprises two ground-floor retail spaces – previously occupied by Bruegger's Bagels and MOSS Bookstore – along with additional second-floor retail space. Adding significant value are four spacious two-bedroom loft apartments, offering considerable rental income potential. The property has undergone recent renovations, but further subdivision of the retail space is possible, creating additional income streams. Its ideal location makes it suitable for a variety of retail uses, including restaurants, cafes, or general merchandise. The combination of established retail and residential components provides a strong foundation for a profitable investment. This is a rare opportunity to acquire a well-located, mixed-use property in the thriving downtown Troy market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.6915
- Latitude
- 42.729
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
