2 3rd St - Office FOR SALE


Troy, NY 12180- Downtown Troy
$5,600,000 USD
518-779-0107
2 3rd St, Troy, NY for Sale
$5,600,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate


HIGHLIGHTS

  • Views of Downtown Troy & Hudson River
  • Structure on the Historic Register
  • High Pedestrian Traffic

OVERVIEW

Major downtown Troy commercial marquee structure with 100,000+ SF of commercial Class B office and retail space. Located in site of the Hudson River waterfront, right off of a major highway, and situated at the entrance of downtown Troy. Mixed-use zoning district allows for nearly all commercial, residential, and some industrial uses. Both buildings on the tax lot are structurally connected with some shared utility services to each other as well as the city owned portion of the Troy Atrium. The property is offered as part of a three tax-parcel development/re-development portfolio that includes 2 3rd St (The Frear Building) and The Troy Atrium (on Broadway between 3rd & 4th St). Contact the LBO for full offering memorandum and additional information.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Frear Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

DMU (Downtown Mixed-Use)

APN/PARCEL ID

1700-101.45-6-1

ASK ABOUT THIS PROPERTY

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518-779-0107

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Anton PasquillNAI PlatformMore Info
518-779-0107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.