342 Congress Street
- Commercial
- MLS # 202314160
Property Details
- Acres: 0.22
- Building Area: 8,496
- Town: Troy
- Property Type: Commercial
- School District: Troy
- Estimated Taxes: $10,578
- Water: Public
- Sewer: Public Sewer
- Heat: Hot Water
- Basement: Full, Pillar/Post/Pier, Unfinished
- Exterior: Frame, Block, Brick
- County: Rensselaer
- Cooling: Other
- Parking Spaces: 9
- Zoning: Commercial
Remarks
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.
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Contact Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net
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