278 - 280 River Street, Troy, NY 12180

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Property Description

Troy has a way of making you fall for its historic brick buildings, timeless architecture and beautiful riverfront charm. Now, you have the opportunity to own a piece of it. Located in the heart of downtown Troy, this distinctive three-story mixed-use building offers a unique blend of historic character and investment potential, with a connection to the Capital Region's filming of HBO's The Gilded Age. The ground-floor storefront is a blank canvas ready for your vision. Imagine a professional office, boutique, creative studio or neighborhood restaurant with your name on the door. Complimentary parking adds convenience in a bustling downtown setting. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment with room to personalize and explore different layouts, including the possibility of loft-inspired living. Neither apartment has previously been rented, offering a fresh opportunity for an investor to establish rental income. Projected rent is approximately $2,900 per apartment. The possibilities are plentiful. Operate your business downstairs while generating rental income from the apartments, live in one unit while renting the other, or explore leasing all three levels as a mixed-use investment. Whether you're an experienced investor or looking to expand your portfolio, this property offers flexibility and exciting potential in one of the Capital Region's most distinctive downtown districts. Step outside and enjoy everything Troy has to offer, from the beloved Troy Waterfront Farmers Market and local restaurants to independent boutiques, historic landmarks and the Hudson River waterfront. With its rich history, vibrant arts scene and distinctive architecture, downtown Troy continues to attract residents, entrepreneurs and visitors alike. Bring your vision to life and discover the possibilities of owning a unique piece of downtown Troy.

278 - 280 River Street | MLS# 202629078

This commercial property located at 278 - 280 River Street, Troy, NY 12180 is currently listed for sale with an asking price of $419,900. - 280 River Street is located within the Troy school district. Search Troy real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Investment
Basement: None
Cooling: None
Heating: Forced Air, Natural Gas
Home Style: Commercial
Lot Size: 0.02 Acres
Roof Type: Concrete
Stories: 3.0
Taxes: $8,403
Year Built: 1890

Feature Descriptions

Body of Water: Hudson River
Body of Water: Hudson River
Current Use: Mixed Use, Multi-Family, Office
Days on Site: 2
Exterior: Brick
Flooring: Tile, Wood, Carpet
Lot: Views, Road Frontage, Corner Lot
Lot Dimensions: 37.4X42.2
Parcel #: 381700 101.53-3-1.22
Parking: On Street
Parking Total: 0
Sewer: Public Sewer
Special View Info: River
SQFT Building Total: 2720
Water: Public

Local Schools

School District: Troy

Demographics

Listed By / Shown By

Listing By

Agency Name: KW Platform
Agency Phone: 1 518-281-6808

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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