450 Fulton StTroy, NY 12180

Property Details for 450 Fulton St

Year built

1890

Lot size

0.11 AC

Property size (Sq ft)

18,314 SF

Zone code

B4

Property type

Investment properties

Property subtype

Live-work space

APN

381700 101.45-4-11

APU

38170010145411

Description

This exceptional mixed-use property, located at 450 Fulton Street, Unit 450 in the vibrant city of Troy, New York, presents a compelling investment opportunity. Situated on a sizable 0.11-acre lot, this building offers significant potential for a variety of uses, making it ideal for both seasoned investors and those seeking a high-return venture. The property's address places it within easy reach of Troy's bustling downtown area, providing convenient access to a diverse range of amenities, businesses, and transportation options. The asking price of $1,190,000 reflects the property's considerable value and potential for future appreciation. While specific square footage is not currently available, the substantial lot size and prime location suggest ample space for development or expansion. This is a rare chance to acquire a mixed-use property in a thriving New York city, offering a strong foundation for long-term growth and profitability. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity. Further details regarding the property's internal layout and zoning regulations are available upon request. Don't miss this chance to secure a piece of Troy's dynamic commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $4,549,482

  6.5%

  $4,199,522

  7%

  $3,899,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,408,992

  Geo Method

  $2,392,907

• Alternative Use

  Use

  Valuation

  Residential

  $5,207,406

  Hospitality

  $4,769,956

  Educational

  $3,968,548

  Medical

  $4,105,032

  Retail

  $6,173,296

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7325

Longitude

-73.6879

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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