690-696 River St
5,810 SF Retail Building Troy, NY 12180 $2,000,000 ($344.23/SF) 12.15% Cap Rate
EXECUTIVE SUMMARY
All Car Wash equipment replaced in 2020, Approximate CAP RATE 8.1% with a 10% cap rate or better attainable. All Equipment is top of the line. In position to take advantage of the revitalization of Troy with a significant growth potential.Radiant heating on tunnel entrance & exit pads, self serve floors with 10' runouts. Complete Balanger & Sonny's Tunnel System with Innovation Control System (2020)
Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020)
Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289 Property has a 3 bay service garage & office area currently leased for great additional income! Check out the virtual tour!!! and you can walk right through the carwash! For detailed financial info please contact us
Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020)
Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289 Property has a 3 bay service garage & office area currently leased for great additional income! Check out the virtual tour!!! and you can walk right through the carwash! For detailed financial info please contact us
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,810 SF
Building Class
B
Year Built
1954
Price
$2,000,000
Price Per SF
$344.23
Cap Rate
12.15%
NOI
$243,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
B5
Parking
1.72 Spaces per 1,000 SF Leased
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 381700 90.70-9-1 | Improvements Assessment | $249,500 |
| Land Assessment | $20,500 | Total Assessment | $270,000 |
