$2,150,000
Troy, NY 12180
MLS# 202414104
Status: Closed
1 / 1
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
Original List Price: 3750000
List Price/Acres: 1355421.69
Sold Price/Acres: 1295180.72
Status: Closed
Property Sub Type: Unimproved Land
Sold Price: $2,150,000
Listing Contract Date: 2024-03-25
Current Price: $2,150,000
Location
City/Town (Mail): Troy
Street Number: 15-25
Street Name: Fourth
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
Geo Lat: 42.733032
Geo Lon: -73.689276
Property Detail
Stories: 4
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 72310
Zoning: Mixed
Lot Size Dimensions: 150.8 FF
Lot Size Acres: 1.66
Building Area Total: 0
Building Available SQFT: 0
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1920
Status Change Info
Type of Withdrawal: Withdrawn Temporarily
Status Change Date: 2024-12-21
Under Contract Date: 2024-12-17
Sold Date: 2024-12-18
Sold Price: $2,150,000
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 381700 101.45-3-2.1
Tax Annual Amount: 58403.11
Tax Section: 101.45
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 2.001
School District: Troy
Association Y/N: No
Directions & Remarks
Directions: https://maps.app.goo.gl/4iR4kMptsPmaMQQb9
Public Remarks: 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.
Sewer
Public Sewer: 1
Current Use
Land: 1
Architectural Style
Land Only: 1
Cooling
None: 1
Basement
None: 1
Building Detail
Fire Sprinkler System Y/N: No
Construction Materials
None: 1
Showing Requirements
Agent to Accompany: 1
Call Listing Agent: 1
Special Listing Conditions
Real Estate Owned/REO: 1
Water Source
Public: 1
Heating
None: 1
Parking Features
Parking Total: 0
None: 1
Possible Use
Business: 1
Hotel/Motel: 1
Mixed: 1
Office: 1
Office Plus: 1
Office/Retail: 1
Office/Warehouse: 1
Restaurant: 1
Retail: 1
Shopping Center: 1
Other: 1
Fitness/Gym: 1
Medical/Dental: 1
Multi-Family: 1
School Building: 1
Subdividable: 1
Sale Includes
Other: 1
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
