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Troy Retail Space for Sale
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FAQs about Retail Space for Sale in Troy
How many Retail Space listings are available for sale in Troy?
Currently, there are 9 Retail Space listings for sale near Troy, NY. LoopNet consistently updates its retail listings with the latest properties added on a regular basis.
How much is a Retail Space for sale in Troy?
The average price per square foot for Troy Retail Space for sale is about $252. The cost of retail space is generally influenced by its location, size, and condition. Prime locations and larger, well-maintained spaces are generally more expensive, with the highest price of retail space in Troy, NY going for $557/sqft.
What is the average size of Retail Space available for sale in Troy?
The average size of Retail Space available for sale in Troy, NY is approximately 24,666 SF. The largest Retail Space available for sale is 163,000 SF and the smallest is 1,421 SF.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
What is the average cap rate for Retail Properties in Troy?
Cap rates for retail properties in Troy, NY typically range between 10% and 12.15%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and other factors that influence them such as location, property type and market conditions.
What factors contribute to choosing the right Retail Space for sale in Troy?
Conduct the proper due diligence including these factors to find the right retail space to buy in Troy, NY:
- Location: Align with your target market and offer visibility
- Foot Traffic: Choose an area in Troy with high foot traffic, if possible
- Size and Layout: Size and layout should accommodate your needs
- Physical Condition and Maintenance: Factor in maintenance costs and potential renovation needs
- Zoning and Regulations: Ensure compliance with zoning regulations and permits for your intended use
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