SQUARE FEET49,965
MLS#202628189
STATUSActive
PROPERTY TYPECommercial - Investment
SCHOOLTroy
Property Description
Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.
Property Features
Property Type: Commercial - Investment
Basement: None
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.31 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $79,408
Year Built: 1840
Feature Descriptions
Days on Site: 2
Exterior: Brick
Lot Dimensions: 162' x 122'
Parcel #: 381700 101.45-9-1
Parking Total: 0
Sewer: Public Sewer
SQFT Building Total: 49965
Water: Public
Local Schools
School District: Troy
Listed By / Shown By
Listing By
Agency Name: Carrow Real Estate Services LLC
Agency Phone: 1 518-462-7491
Shown By
Agency Title: CKM Team Realty
Agency Phone: 518.395.2568
1 3rd Street | MLS# 202628189
This commercial property located at 1 3rd Street, Troy, NY 12180 is currently listed for sale with an asking price of $3,890,000. 3rd Street is located within the Troy school district. Search Troy real estate on www.ckmteamrealty.com today.