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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 a commercial kitchen, dining space, large parking lot, extensive basement storage, and a 3-bedroom apartment above for owner occupancy or rental income.
Numerous capital improvements have been completed, including all roof sections replaced with rubber roofing between 2020-2021 with a transferable lifetime warranty through Full Coverage Contracting Inc., all siding replaced between 2020-2022, new interior flooring in the dining room, bar area, and front entrance (2019), new dining room chandelier lighting (2019), extensive plumbing upgrades and a new energy-efficient on-demand hot water system (2021), new blacktop paving of the main parking lot (2021), exterior front entrance glass replacement (2019), and façade repairs and exterior painting completed in 2026.
Also included is the vacant lot at 12 115th Street across the street, offering additional development, parking, or expansion potential. Rare opportunity with multiple income and redevelopment possibilities.
Numerous capital improvements have been completed, including all roof sections replaced with rubber roofing between 2020-2021 with a transferable lifetime warranty through Full Coverage Contracting Inc., all siding replaced between 2020-2022, new interior flooring in the dining room, bar area, and front entrance (2019), new dining room chandelier lighting (2019), extensive plumbing upgrades and a new energy-efficient on-demand hot water system (2021), new blacktop paving of the main parking lot (2021), exterior front entrance glass replacement (2019), and façade repairs and exterior painting completed in 2026.
Also included is the vacant lot at 12 115th Street across the street, offering additional development, parking, or expansion potential. Rare opportunity with multiple income and redevelopment possibilities.
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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