28 W Canal St Troy, OH 45373
For Sale
This exceptional mixed-use storefront property at 28 West Canal Street in Troy, Ohio, presents a unique investment opportunity. The 2,059 square foot building, situated on a 0.25-acre lot, is zoned B-3, allowing for a variety of commercial uses. Originally built in 1920 and extensively renovated between 2016 and 2024, the two-story building offers a flexible layout ideal for customization to suit diverse business needs. Recent updates include a new roof and windows (2018), a dual-level HVAC system (2021), exterior paint (2016), and updated electrical and plumbing. The property's prime downtown location ensures high visibility and significant foot traffic, maximizing exposure for any business. An available full, unfinished basement provides additional storage or expansion potential. The asking price is $339,000, translating to $164.64 per square foot. Occupancy is available April 11, 2024. This property offers a rare chance to establish a business in a thriving downtown Troy location. The combination of historical charm and modern updates makes this a truly exceptional commercial offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.