255 River StTroy, NY 12180

Property Details for 255 River St

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

28,500 SF

Zone code

B4

Property type

Investment properties

Property subtype

Live-work space

APN

381700 101.45-5-6

APU

3817001014556

Description

This exceptional 2,555 square foot restaurant space, located at 255 River Street in Rensselaer County, presents a unique opportunity. Situated within a five-story, 28,500 square foot building constructed in 1912, this single-tenant property boasts a charming character and modern amenities. The space is ideally suited for a restaurant or cafe, featuring a dedicated 2-inch domestic water service line, a kitchen hood vent stack designed for a 22-foot hood (extending from the first-floor ceiling to the roof), and a 4-inch drain line running along the south wall. An outdoor patio adds to the appeal. The property sits on a 0.13-acre lot and is zoned B-4. The building includes 15 parking spaces and an elevator for convenient access to all five floors. While the building itself is historic, this specific space is ready for immediate occupancy. This is a rare opportunity to establish a business in a vibrant location with significant character and built-in infrastructure. The building's history adds to its unique charm, while the modern features ensure a smooth and efficient operation. Don't miss this chance to secure a prime restaurant space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,079,842

  6.5%

  $6,535,238

  7%

  $6,068,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,748,840

  Geo Method

  $3,723,810

• Alternative Use

  Use

  Valuation

  Residential

  $8,103,696

  Hospitality

  $7,422,942

  Educational

  $6,175,800

  Medical

  $6,388,196

  Retail

  $9,606,801

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.732

Longitude

-73.6918

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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