342 Congress Street, Troy, NY - Mixed Use For Sale

Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.

Property Details

  • Sale/Lease: Sale
  • MLS#: 202300426
  • Major Use: Mixed Use
  • Subuse: Mixed Use
  • Price: $625,000
The data relating to real estate for sale/lease on this website comes in part from the Internet Data Exchange Program of Commercial and Industrial Real Estate Brokers. Commercial and Industrial Real Estate Brokers deems information reliable but not guaranteed. This listing courtesy of NAI Platform, (518) 465-1400. Information should be considered reliable but is not guaranteed.

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