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572 2nd Ave 6,719 SF Retail Building Troy, NY 12182 $599,000 ($89.15/SF)
Executive Summary
Exceptional opportunity to acquire Verdile's Restaurant, a long-standing Lansingburgh property with over 80 years of community presence. Located in a COR (Commercial Office Retail) mixed-use zoning district, this property allows for restaurant, retail, office, medical, professional services, or mixed-use residential/commercial applications (subject to approval). Sale includes all FF&E for turnkey operation. Features include commercial kitchen, dining space, large parking lot, extensive basement storage, and a 3-bedroom apartment above for owner occupancy or rental income. Includes vacant lot at 12 115th St across the street, offering added development or expansion potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,719 SF
Building Class
C
Year Built
1910
Price
$599,000
Price Per SF
$89.15
Tenancy
Single
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.14 AC
Zoning
B5
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1700-080.55-3-12 | Improvements Assessment | $285,500 |
| Land Assessment | $14,500 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
1700-080.55-3-12
Land Assessment
$14,500
Improvements Assessment
$285,500
Total Assessment
$300,000
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572 2nd Ave
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