53-55 Congress StTroy, NY 12180

For Sale
$1,800,000

Downtown Troy Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 47, 53-55 Congress Street in Troy, New York, presents a compelling investment opportunity. The 9,265 square foot building, constructed in 1900, features a prime downtown location and is zoned DMU (Downtown Mixed Use). The two-story structure sits on a 0.16-acre lot (APN 101.53-13-12) and comprises two ground-floor retail spaces – previously occupied by Bruegger's Bagels and MOSS Bookstore – along with additional second-floor retail space. Adding significant value are four spacious two-bedroom loft apartments, offering considerable rental income potential. The property has undergone recent renovations, but further subdivision of the retail space is possible, creating additional income streams. Its ideal location makes it suitable for a variety of retail uses, including restaurants, cafes, or general merchandise. The combination of established retail and residential components provides a strong foundation for a profitable investment. This is a rare opportunity to acquire a well-located, mixed-use property in the thriving downtown Troy market.

Highlights

  • 9,265 SF mixed-use building in Troy, NY's downtown.
  • Prime downtown location, zoned DMU.
  • Two-story building on a 0.16-acre lot (APN 101.53-13-12).
  • Features two ground-floor retail spaces (previously Bruegger's and MOSS Bookstore) and second-floor retail space.
  • Four two-bedroom loft apartments provide significant rental income.
  • Recent renovations completed; potential for further retail subdivision.

Property Details for 53-55 Congress St

Property type
Other retail properties, Multifamily properties
Square Feet
9,265 SF
Year Built
1900
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Troy
County
Rensselaer
State
New York
Latitude
42.729037
Longitude
-73.691525
53-55 Congress St, Troy, New York

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53-55 Congress St
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