254 Madison St, Troy, NY 12180
This exceptional investment opportunity presents a 0.12-acre lot at 254 Madison Street in Troy, New York, 12180. Priced at $205,000, the property offers approximately 5,000 square feet of warehouse/storage space within a brick building. The building features a largely clear-span interior, providing versatile space for various business needs. Convenient access is provided via an overhead door directly from Madison Street. The interior is described as clean and well-maintained, ready for immediate occupancy. Ample street parking is available for employees and clients. The property's location in Troy, NY offers easy access to major transportation routes and a thriving local business community. This is an ideal opportunity for businesses seeking affordable and functional space in a desirable location. The property is zoned for office use and presents a strong potential for return on investment. The building's solid construction and convenient features make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a well-maintained commercial property in a prime location at an attractive price point. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R4 · Troy, NYTroy. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.