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    OFF-MARKET
    Industrial properties

    110 Monroe St, Troy, NY 12180

    28,050 SF 5.15 ac lot Built 1960
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-2346358
    Property summary
    AI-generated overview

    This exceptional commercial property in Troy, NY, presents a unique investment opportunity. Located at 110 Monroe Street, this offering encompasses a substantial 209,088 square foot lot and features a +/- 70,000 square foot building with significant potential. The building boasts approximately 500 feet of Hudson River frontage, providing unparalleled visibility and access. The property also offers potential rail access, a significant advantage for logistics and transportation. The existing building includes 10 overhead doors and ceiling heights ranging from 14 to 45 feet clear, accommodating a variety of industrial uses. Currently, tenants occupy 20,500 square feet on a month-to-month basis, with the owner vacating the remaining space, presenting immediate opportunities for redevelopment or lease expansion. The property's location offers convenient access to major highways, situated approximately 1.5 miles away. The sale does not include a cell tower located on the property. This is a rare chance to acquire a large-scale industrial property with prime riverfront location and excellent transportation links in a thriving New York market. The asking price for this remarkable opportunity is $3,500,000. The property is zoned for commercial use and is located in Rensselaer County, NY, zip code 12180.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1960
    Total area 28,050 SF
    Lot 5.15 ac (224,334 SF)
    Zoning code WCD
    APN 381700 111.28-8-1./1
    UPID US63-2346358
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Troy City Of · 4 yrs held
    Troy City Of
    since 2022
    Last sale
    $201,900
    2 recorded transactions
    2022
    $201,900
    2013
    $750,000
    Zoning & alternative use
    WCD · Troy, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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