278 - 280 River Street, Troy, NY 12180
sale
$419,900
|
Other
Courtesy Of KW Platform
Troy has a way of making you fall for its historic brick buildings, timeless architecture and beautiful riverfront charm. Now, you have the opportunity to own a piece of it. Located in the heart of downtown Troy, this distinctive three-story mixed-use building offers a unique blend of historic character and investment potential, with a connection to the Capital Region's filming of HBO's The Gilded Age. The ground-floor storefront is a blank canvas ready for your vision. Imagine a professional office, boutique, creative studio or neighborhood restaurant with your name on the door. Complimentary parking adds convenience in a bustling downtown setting. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment with room to personalize and explore different layouts, including the possibility of loft-inspired living. Neither apartment has previously been rented, offering a fresh opportunity for an investor to establish rental income. Projected rent is approximately $2,900 per apartment. The possibilities are plentiful. Operate your business downstairs while generating rental income from the apartments, live in one unit while renting the other, or explore leasing all three levels as a mixed-use investment. Whether you're an experienced investor or looking to expand your portfolio, this property offers flexibility and exciting potential in one of the Capital Region's most distinctive downtown districts. Step outside and enjoy everything Troy has to offer, from the beloved Troy Waterfront Farmers Market and local restaurants to independent boutiques, historic landmarks and the Hudson River waterfront. With its rich history, vibrant arts scene and distinctive architecture, downtown Troy continues to attract residents, entrepreneurs and visitors alike. Bring your vision to life and discover the possibilities of owning a unique piece of downtown Troy.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Floor Covering: Wood
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 3
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 202629078
- Roof Type: Concrete
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
- View Type: River
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