Map
Listed price in listed location currency (USD).
$3,890,000

000

MLS® 202628189

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 49965 sqft
Garage 
Taxes $79,408
Days Active 7
Lot Size 0.31 Acres
Approx. Age 1840
Avg. Price Per Sqft $77
MLS® Number 202628189

Property Address: 1 3rd Street, Troy, NY, 12180

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202628189
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1840
BasementNone
Driveway
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Building & Land

Map

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