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719 Second Ave 1,269 SF 66% Leased Retail Building Troy, NY 12182 $549,000 ($432.62/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Price includes the extra bldg lot, Laundromat, Apt is occupied, Vacant store front
EXECUTIVE SUMMARY
Listing includes the extra lot, (717 second) , Lansing Laundry LLc, one side is Vacant, was (H& R Block) and a game store, apt is rented. Security cameras in place, operate alarm from alarm.com...Building will be sold with one mortgagee. Will not hold paper or separate the laundromat. Operate two businesses at once. Financials will be discussed in person and upon signing a NDA. Owned it for 20 years Owner is retiring..
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,269 SF
Building Class
B
Year Built
1970
Price
$549,000
Price Per SF
$432.62
Cap Rate
9%
NOI
$49,410
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.28 AC
Zoning
B-5 - Central business district
Parking
22 Spaces (17.34 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1700-080.40-6-1 | Improvements Assessment | $160,500 |
| Land Assessment | $14,500 | Total Assessment | $175,000 |
PROPERTY TAXES
Parcel Number
1700-080.40-6-1
Land Assessment
$14,500
Improvements Assessment
$160,500
Total Assessment
$175,000
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719 Second Avenue LLC
719 Second Ave
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