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15-25 Fourth St - Uncle Sam Lot

1.66 Acres of Commercial Land Offered at $3,189,307 CAD in Troy, NY 12180

Commercial Land New York Troy 15-25 Fourth St, Troy, NY 12180

Investment Highlights

  • Potential for 400,000+ SF of development
  • River-front views

Executive Summary

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 SF 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. Contact the LBO for full offering memorandum and additional information.

Attachments

Downtown Troy - AP DDP OM

Property Facts

Price $3,189,307 CAD Property Subtype Commercial
Sale Type Investment Proposed Use
Apartment Units
  • Neighbourhood Centre
Sale Conditions REO Sale Total Lot Size 1.66 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $3,189,307 CAD
Sale Type Investment
Sale Conditions REO Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Neighbourhood Centre
Total Lot Size 1.66 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $3,189,307 CAD Lot Size 1.66 AC
Price Per AC $1,921,270 CAD
Price $3,189,307 CAD
Price Per AC $1,921,270 CAD
Lot Size 1.66 AC

Vacant, former parking garage. Zoned mixed-use.

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15-25 Fourth St, Troy, NY - aerial map view
Walk Score ®
Walker's Paradise (92)
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PROPERTY TAXES

Parcel Number 1700-101.45-3-2 Improvements Assessment $0 CAD
Land Assessment $1,199,704 CAD Total Assessment $1,199,704 CAD

PROPERTY TAXES

Parcel Number
1700-101.45-3-2
Land Assessment
$1,199,704 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,199,704 CAD

zoning

Zoning Code DMU (Downtown Mixed-Use) (Downtown II Intensity Zone, Historic District Overlay, & Resilient Waterfront Overlay)
DMU (Downtown Mixed-Use) (Downtown II Intensity Zone, Historic District Overlay, & Resilient Waterfront Overlay)
(518) 779-0107

Contact

  • Listing ID: 30648239

  • Date on Market: 2024-01-12

  • Last Updated:

  • Address: 15-25 Fourth St, Troy, NY 12180

The Land Property at 15-25 Fourth St, Troy, NY 12180 is currently available for sale. Contact NAI Platform for more information.

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15-25 Fourth St, Troy, NY for sale Aerial- Image 1 of 2
Uncle Sam

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15-25 Fourth St - Uncle Sam Lot
(518) 779-0107 x

15-25 Fourth St - Uncle Sam Lot

Anton Pasquill

(518) 779-0107

(518) 779-0107

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