542 1St StTroy, NY 12180
- Mixed-use properties
- 0.06 AC
Property Details for 542 1St St
- Lot size
- 0.06 AC
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 542 1st Street in Troy, NY, presents a compelling investment opportunity. Situated on a 0.06-acre lot, this solid brick building offers a strong foundation for immediate income generation or future development. The property boasts a low market capitalization rate of 10.4% and a high market capitalization rate of 14.0%, indicating significant return potential. Recent improvements have been made to the structure, enhancing its value and appeal. All utilities are conveniently separated, simplifying management and cost allocation. The property's prime location in the desirable South Troy neighborhood provides easy access to a wealth of amenities and attractions. Its proximity to Route 787 ensures convenient commuting and transportation links. This is a truly remarkable opportunity to acquire a well-maintained, income-producing asset in a thriving urban setting. A virtual tour and floor plan are available for review, providing a comprehensive overview of this attractive investment. The asking price is $200,000.
Location Insight
- City
- Troy
- County
- 36083
- State
- New York
- Latitude
- 42.7343
- Longitude
- -73.583
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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