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50 4th St

13,600 SF 32% Leased Retail Building Troy, NY 12180 $1,475,000 ($108/SF)

Executive Summary

Located in Troy's most sought after downtown area and on one of the most well trafficked streets. Previously the Union National Bank built in 1936. An impressive entry gives way to a soaring 31' backlit glass ceiling and lighted arches along the walls. The long teller counter would make an excellent bar for a unique brewery, restaurant and entertainment venue. Daily traffic counts=11,448 cars. Any rehab costs are eligible for up to 40% historical tax credits.
On right side of 4th St. between Fulton St. and Broadway. 4th St. is a one-way street heading north. Directly next to Troy's main post office/depot.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
13,600 SF
Building Class
C
Year Built
1936
Price
$1,475,000
Price Per SF
$108
Percent Leased
32%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.47
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
Commercial - Downtown Mixed Use (DMU)
Frontage
25 FT on 4th St

Amenities

  • 24 Hour Access
  • Bus Line
  • Conferencing Facility
  • Fireplace
  • Mezzanine
  • Signage
  • Tenant Controlled HVAC
  • Energy Performance Rating - A
  • Storage Space
  • Recessed Lighting
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Basement
  • 3,500 SF
  • Office/Retail
  • -
  • Now

Beautiful basement space with historic bank vaults, terrazzo floors, new women & men's bathrooms. Elevator accessThe space would make an excellent "Speakeasy" cafe bistro especially popular in historic downtown Troy - the Foodie Capital of the Capital Region. Plumbing roughed-in for kitchen. Chimney stack that goes to the roof (possibly available for a hood system?) Direct access from the alley for easy deliveries. Public parking garage within an easy half block walk. free to park in the evenings and on weekends.

  • 1st Floor
  • 3,500 SF
  • Office/Retail
  • -
  • Now

Stunning open space with 32' ceiling heights. Terrazzo floors. Glass ceiling with dimmable lights and ceiling fans. Historic teller booth repurposed into a 30' bar with plumbing and lots of electrical outlets. ADA bathroom. Double door entry. Original brass bank tables would make excellent bistro tables/stand up desks. Public parking garage within 1 half-block easy walk - free on evenings & weekends.

  • 2nd Floor
  • 1,110 SF
  • Office/Retail
  • -
  • Now

2nd floor office/studio space with balcony overlooking first floor. Lots of natural light, all open plan. Elevator access. Public parking garage nearby - free on evenings & weekends.

  • 3rd Floor
  • 1,110 SF
  • Office/Retail
  • -
  • Now

3rd floor office/studio space with lots of natural light. Private bathroom. Lots of restored period features especially the ornamental fireplace, moldings, exposed brick. Elevator access. Public parking garage nearby - free on evenings & weekends.

Space Size Space Use Position Available
Basement 3,500 SF Office/Retail - Now
1st Floor 3,500 SF Office/Retail - Now
2nd Floor 1,110 SF Office/Retail - Now
3rd Floor 1,110 SF Office/Retail - Now

Basement

Size
3,500 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size
3,500 SF
Space Use
Office/Retail
Position
-
Available
Now

2nd Floor

Size
1,110 SF
Space Use
Office/Retail
Position
-
Available
Now

3rd Floor

Size
1,110 SF
Space Use
Office/Retail
Position
-
Available
Now

Basement

Size 3,500 SF
Space Use Office/Retail
Position -
Available Now

Beautiful basement space with historic bank vaults, terrazzo floors, new women & men's bathrooms. Elevator accessThe space would make an excellent "Speakeasy" cafe bistro especially popular in historic downtown Troy - the Foodie Capital of the Capital Region. Plumbing roughed-in for kitchen. Chimney stack that goes to the roof (possibly available for a hood system?) Direct access from the alley for easy deliveries. Public parking garage within an easy half block walk. free to park in the evenings and on weekends.

1st Floor

Size 3,500 SF
Space Use Office/Retail
Position -
Available Now

Stunning open space with 32' ceiling heights. Terrazzo floors. Glass ceiling with dimmable lights and ceiling fans. Historic teller booth repurposed into a 30' bar with plumbing and lots of electrical outlets. ADA bathroom. Double door entry. Original brass bank tables would make excellent bistro tables/stand up desks. Public parking garage within 1 half-block easy walk - free on evenings & weekends.

2nd Floor

Size 1,110 SF
Space Use Office/Retail
Position -
Available Now

2nd floor office/studio space with balcony overlooking first floor. Lots of natural light, all open plan. Elevator access. Public parking garage nearby - free on evenings & weekends.

3rd Floor

Size 1,110 SF
Space Use Office/Retail
Position -
Available Now

3rd floor office/studio space with lots of natural light. Private bathroom. Lots of restored period features especially the ornamental fireplace, moldings, exposed brick. Elevator access. Public parking garage nearby - free on evenings & weekends.

Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Trustco Bank
Bank of America
KeyBank
Dinosaur Bar B Que
Rent-A-Center
Starbucks
Friendlys
Price Chopper
Booths
The YMCA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1700-101.45-7-8
Land Assessment
$31,000
Improvements Assessment
$339,000
Total Assessment
$370,000
  • Listing ID: 30624424

  • Date on Market: 1/10/2024

  • Last Updated:

  • Address: 50 4th St, Troy, NY 12180

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