500 Federal St Troy, NY 12180
- Office buildings
- 63,212 SF
- 1.02 lot acres
Current Use by Public Records
- Smiles Bring Hope Foundation / Oral Surgeon / Service Establishment
- Troy Dental Office / Dentist
- Shambhuprasad M. Mehta, DDS / Dentist
- Dr. Shammi V. Tandel, DDS / Dentist
- Dr. Donald S. Cox, DDS / Dental Implants Periodontist
Property Details for 500 Federal St
- Year built
- 1987
- Lot size
- 1.02 lot acres
- Property size
- 63,212 SF
- Zone code
- B4
- Property type
- Office buildings
- APN
- 381700 101.45-2-1.1
- APU
- 38170010145211
Description
This exceptional office space in Troy, NY, offers a prime location just across the Green Island Bridge in the heart of the city. The available space totals 9,640 square feet, with the potential for larger configurations up to approximately 30,000 square feet within the larger 56,033 square foot building. This multi-tenant building is currently undergoing significant upgrades under new ownership, promising a modern and improved workspace. The property is zoned DMU, making it suitable for a variety of medical and traditional office uses. The flexible layout allows for customization to meet diverse business needs, accommodating various configurations to suit specific requirements. This is an excellent opportunity to secure high-quality office space in a thriving downtown location, benefiting from easy access and high visibility. The minimum divisible space is 9,640 square feet, providing ample room for expansion or consolidation. This presents a unique chance to establish a presence in a revitalized area with significant potential for growth. Interested parties should inquire about lease terms and available configurations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,350,000
- 6.5%
- $2,850,000
- 7%
- $3,120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,630,000
- Geo Method
- $3,145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,050,000
- Retail
- $3,600,000
- Mixed-Use
- $3,390,000
- Hospitality
- $3,540,000
- Educational
- $3,240,000
- Residential Income
- $3,120,000
- Energy
- $3,290,000
- Income-Based Land
- $2,875,000
- Food Service
- $2,905,000
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.6879
- Latitude
- 42.734
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
