$2,150,000
Troy, NY 12180
MLS# 202414104
Status: Closed
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Property Description
A tremendous opportunity for development in downtown Troy! Offered as part of a three tax lot portfolio (2 3rd St & 49 4th St). Former site of the Uncle Sam's parking garage which was demolished in 2021/2022 and vacant since. Cleared, re-zoned and repositioned for the development of approximately 1.66 acres in the Downtown Mixed-Use zoning district and the Downtown II development intensity zone. Permitted as-of-right for at least 7 stories of structural height and 85% maximum impervious lot coverage, the potential is here for over 400,000 sqft of commercial or residential development to be located on the Hudson River and right off of a major highway in the region's second-largest city. Additional information available.
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Unimproved Land
Original List Price: 3750000
Sold Price: $2,150,000
Listing Contract Date: 2024-03-25
Current Price: $2,150,000
List Price/Acres: 1355421.69
Sold Price/Acres: 1295180.72
Location
Street Number: 15-25
Street Name: Fourth
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
City/Town (Mail): Troy
Geo Lat: 42.733032
Geo Lon: -73.689276
Property Detail
Year Built: 1920
Stories: 4
Number Of Buildings: 1
Lot Size Square Feet: 72310
Zoning: Mixed
Lot Size Dimensions: 150.8 FF
Lot Size Acres: 1.66
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2024-12-21
Under Contract Date: 2024-12-17
Sold Date: 2024-12-18
Sold Price: $2,150,000
Type of Withdrawal: Withdrawn Temporarily
Building Detail
Fire Sprinkler System Y/N: No
Property Features
Architectural Style: Land Only
Basement: None
Construction Materials: None
Cooling: None
Current Use: Land
Heating: None
Parking Features: None
Possible Use: Business; Hotel/Motel; Mixed; Office; Office Plus; Office/Retail; Office/Warehouse; Restaurant; Retail; Shopping Center; Other; Fitness/Gym; Medical/Dental; Multi-Family; School Building; Subdividable
Sale Includes: Other
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent
Special Listing Conditions: Real Estate Owned/REO
Water Source: Public
Listing Courtesy of NAI Platform LLC
Listing Agent: Anton Pasquill
518-779-0107 | Anton@naiplatform.com
518-779-0107 | Anton@naiplatform.com
