49 4Th StTroy, NY 12180

Property Details for 49 4Th St

Year built

1970

Lot size

0.84 AC

Property size (Sq ft)

73,000 SF

Property type

Office properties

Description

This exceptional redevelopment opportunity presents 73,000 square feet of vacant Class B office and retail space in a prime downtown Troy location. Situated on a 0.84-acre lot at 49 4th Street, this two-story, 1970-built building (renovated in 1990) benefits from a DMU (Downtown Mixed-Use) zoning designation, allowing for diverse commercial, residential, and limited industrial uses. Its strategic location offers immediate access to the Hudson River and a major highway, placing it at the gateway to downtown Troy. The property boasts shared utility services with adjacent structures, enhancing operational efficiency. Priced at $2,500,000 ($34.25/SF), this asset is part of a larger three-parcel portfolio, presenting significant potential for investors seeking substantial returns through repositioning or redevelopment. The building's structural connection to neighboring properties (2 3rd St and the Troy Atrium) offers unique development possibilities. This vacant property presents a blank canvas for a visionary developer to create a landmark project in a thriving urban setting. The property is located in Rensselaer County, NY, zip code 12180.

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7313

Longitude

-73.6902

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