104 5th Ave Troy, NY 12180-1012
- Investment properties
- 13,026 SF
- 0.36 lot acres
Sep 23, 2024
Current Use by Public Records
- Investment properties
Property Details for 104 5th Ave
- Year built
- 1920
- Lot size
- 0.36 lot acres
- Property size
- 13,026 SF
- Zone code
- B2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 381700 90.47-4-1
- APU
- 381700904741
Description
This 12,447-square-foot industrial property, located at 104 5th Ave in Troy, NY, presents a unique investment opportunity. Originally constructed in 1921 as Schrader's Building, this vacant building offers excellent visibility from its corner location at the southwest intersection of 5th Ave and 102nd Street. The building features a spacious, open floor plan (75' wide x 130' long) with high ceilings (13'11"). Two 12' high overhead doors and two convenient driveways (front and rear) provide ample access for loading and unloading. The property is zoned B2, allowing for a wide range of uses, including but not limited to multifamily dwellings, various businesses (retail, services, professional), and even certain community facilities. Its strategic location near the Hoosick St Bridge, 112th Street Bridge, Ross Tech Park, and I-787 ensures easy accessibility. The asking price is $189,000, translating to $15.18 per square foot. The lease type is NNN. This property offers significant potential for a variety of uses and strong returns. A potential net operating income of 46 cents per square foot has been estimated. Further due diligence is recommended to verify all permitted uses and potential income.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $120,000
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.6807
- Latitude
- 42.7561
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
