Technical
Financial
Distress signals
Property profile

898 2Nd Ave Troy, NY 12182

FOR SALE
Retail space
Property ID
US63-2351199
1,983 SF 0.27 ac lot Built 1975
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000-square-foot retail space is ideally situated at 898 2nd Avenue in Troy, New York, within Rensselaer County. The property offers a single-tenant occupancy opportunity, presenting a blank canvas for a wide range of retail businesses. The entire 7,000 square feet is currently vacant, providing immediate access for a new tenant to customize the space to their specific needs. The building's total square footage is also 7,000 square feet, ensuring complete control and utilization of the entire property. Located in the vibrant city of Troy, this property benefits from excellent visibility and accessibility, making it an attractive location for businesses seeking high foot traffic and convenient access for customers. The property's address is 898 2nd Avenue, Troy, NY 12182. This presents a rare opportunity to establish a strong retail presence in a thriving New York community. The property is classified as commercial retail and is available for lease. The geographic coordinates are latitude 42.7879734 and longitude -73.6709046. This single-tenant space offers a unique chance to create a thriving business in a desirable location. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Total area 1,983 SF
Lot 0.27 ac (11,761 SF)
Zoning code B3
APN 381700 70.80-2-7
UPID US63-2351199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

898 2Nd Ave Troy, NY 12182
Troy metro Census 40100 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2022
Last sale
$85,000
2 recorded transactions
2022
$150,000
2016
$50,000

Zoning & alternative use

B3 · Troy, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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