Property summary
This exceptional two-acre commercial parcel presents a unique opportunity for retail development. Located at 1 Tibbits Avenue, this property boasts ±55.89 feet of frontage, offering significant highway visibility due to its proximity (±0.5 miles) to Exit 9W of I-787. The high traffic counts are a key advantage: 1,827 vehicles daily on Tibbits Avenue and a substantial 36,982 vehicles daily on I-787. This strategic location places the property in close proximity to major commercial and industrial establishments, including the Veterans Memorial Stadium, Honeywell, and Northeast Home Medical Equipment. The property is zoned for industrial use and identified by APN 29.3-1-21 (part of a larger parcel to be subdivided). The land is currently vacant, offering a blank canvas for a new retail development. With its excellent location, high visibility, and substantial traffic flow, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving area. The single-tenant zoning allows for focused development and streamlined operations. The two-acre lot size provides ample space for a variety of retail concepts. This is a rare opportunity to secure a prime retail location with exceptional visibility and access to a significant consumer base.
Property profile
VerifiedCap rate & NOI
Current use
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Sports Field & Court Sports School
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Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
06 - INDUSTRIAL · Troy, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 06 - INDUSTRIAL in Troy, NY.
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