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INVESTMENT HIGHLIGHTS
- Heavy traffic on SR 55
- Corner Lot
- Tax Abatements
EXECUTIVE SUMMARY
Prime vacant lot measuring .287 acres located on State Route 55 in the City of Troy. This downtown parcel offers excellent visibility and accessibility, making it ideal for development. Utilities are available at the street. Two curb cuts including one on Market Street and another on Canal Street. This makes for great traffic flow into the property with a potential drive through window. It would be the perfect place for a coffee shop, restaurant, bank or credit union.
The property is located within Troy’s zoning overlay district, providing additional development opportunities subject to city approval. Troy also offers special tax abatement programs for qualifying projects, creating potential long-term savings for owners and investors.
Conveniently situated near downtown Troy, shopping, dining, and major routes. A rare opportunity to secure a buildable lot with strong upside in an established and growing area. Buyer to verify zoning and abatement eligibility.
Consists of two parcels D08-011580 and D08-011590
Agent has partial ownership
The property is located within Troy’s zoning overlay district, providing additional development opportunities subject to city approval. Troy also offers special tax abatement programs for qualifying projects, creating potential long-term savings for owners and investors.
Conveniently situated near downtown Troy, shopping, dining, and major routes. A rare opportunity to secure a buildable lot with strong upside in an established and growing area. Buyer to verify zoning and abatement eligibility.
Consists of two parcels D08-011580 and D08-011590
Agent has partial ownership
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $695,000 | Lot Size | 0.28 AC |
| Price Per AC | $2,482,142.86 |
| Price | $695,000 |
| Price Per AC | $2,482,142.86 |
| Lot Size | 0.28 AC |
93 Feet of road frontage on SR 55 (Market St) and 133 Feet of frontage on Canal St.
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,210 (2024) | |
| Land Assessment | $27,620 (2024) | Total Assessment | $36,830 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,620 (2024)
Improvements Assessment
$9,210 (2024)
Total Assessment
$36,830 (2024)
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206 S Market St
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