841 Hoosick RdTroy, NY 12180

For Sale
$4,578,964

High-Occupancy Retail Building, Troy, NY

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail property at 841 Hoosick Rd, Troy, NY, presents a compelling investment opportunity. Built in 2022, this 15,630 square foot building boasts 100% occupancy, generating a strong net operating income (NOI) of $286,185 and a 6.25% capitalization rate. The asking price is $4,578,964, translating to $292.96 per square foot. Situated on a 7-acre lot, the property is zoned B-15 Commercial, ensuring flexibility for a variety of retail uses. Its prime location in the Albany area offers excellent visibility and accessibility, with proximity to major transportation routes and ample parking. The building's modern construction and well-maintained condition contribute to its attractiveness and strong rental history. This high-demand retail space is an ideal addition to any investor's portfolio, promising substantial returns and long-term value. The property's proven financial performance and full occupancy underscore its stability and potential for continued growth within the thriving Troy market. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

Highlights

  • 15,630 SF modern building.
  • Constructed in 2022.
  • B-15 Commercial zoning.
  • Prime Albany area location.
  • 100% occupancy.
  • High-demand retail space.

Property Details for 841 Hoosick Rd

Property type
Other retail properties, Retail properties
Square Feet
15,630 SF
Year Built
2022
Lot Size (sq. ft)
304,920 SF

Location Insight

City
Troy
County
Rensselaer
State
New York
Latitude
42.7512944
Longitude
-73.6313098
841 Hoosick Rd, Troy, New York

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841 Hoosick Rd
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