7 Madison St Troy, NY 12180-4929
- Warehouses
- 19,558 SF
- 1.09 lot acres
May 03, 2021
Current Use by Public Records
- Warehouses
Property Details for 7 Madison St
- Year built
- 1940
- Lot size
- 1.09 lot acres
- Property size
- 19,558 SF
- Zone code
- WCD
- Property type
- Warehouses
- APN
- 381700 111.36-1-1
- APU
- 3817001113611
Description
This exceptional 37,969 square foot industrial property in Troy, NY, presents a unique investment opportunity. Located at 7 Madison Street, this vacant property offers diverse usage possibilities for both office/warehouse users and developers. The property comprises three buildings with six stories, totaling 37,969 square feet on a 1.09-acre lot. Built in 1940 and renovated in 2005, it features a 30-foot ceiling height (center) and 16-foot (corners) in the clear-span warehouse space, along with a fully furnished office area ready for immediate occupancy. The property includes one loading dock and twenty parking spaces. It is zoned WCD and offers significant potential for large-scale development, given Troy's thriving apartment and retail markets and its location within a Neighborhood V zone, actively promoting such projects. The asking price is $1,850,000 ($48.72/sq ft). This property represents an exceptional investment opportunity in a dynamic market. The combination of existing office space and substantial warehouse space makes this a versatile option for a variety of uses. The property's location and zoning provide significant upside potential for developers seeking to capitalize on Troy's growth.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $125,000
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Rensselaer
- State
- New York
- Longitude
- -73.6966
- Latitude
- 42.7182
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
