7 Madison St, Troy, NY 12180

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.