47, 53-55 Congress Street 3,231 SF 100% Leased Retail Building Troy, NY 12180 $1,800,000 ($557.10/SF)
EXECUTIVE SUMMARY
Outstanding location in downtown Troy. Building consists of two retail spaces on the first floor (former Bruegger's Bagels and MOSS Bookstore) plus second floor retail and 4 two-bedroom apartment. Recently rehabilitated spaces which could be further subdivided for additional retail. Good restaurant, cafe, general merchandise site. Four, two-bedroom, loft apartments add considerable upside to the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,231 SF
Building Class
C
Year Built
1900
Price
$1,800,000
Price Per SF
$557.10
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
DMU - Downtown Mixed Use
Frontage
26’ on Congress St
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1700-101.53-13-10 | Improvements Assessment | $281,000 |
| Land Assessment | $19,000 | Total Assessment | $300,000 |
