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690-696 River St 5,810 SF Retail Building Troy, NY 12180 $2,060,580 CAD ($354.66 CAD/SF) 16.20% Cap Rate
Executive Summary
All Car Wash equipment replaced in 2020, Approximate CAP RATE 8.1% with a 10% cap rate or better attainable. All Equipment is top of the line. In position to take advantage of the revitalization of Troy with a significant growth potential.Radiant heating on tunnel entrance & exit pads, self serve floors with 10' runouts. Complete Balanger & Sonny's Tunnel System with Innovation Control System (2020)
Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020)
Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289
Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020)
Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,810 SF
Building Class
B
Year Built
1954
Price
$2,060,580 CAD
Price Per SF
$354.66 CAD
Cap Rate
16.20%
NOI
$333,814 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
B5
Frontage
130’ on River St
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 381700 90.70-9-1 | Improvements Assessment | $341,658 CAD |
| Land Assessment | $28,072 CAD | Total Assessment | $369,730 CAD |
Property Taxes
Parcel Number
381700 90.70-9-1
Land Assessment
$28,072 CAD
Improvements Assessment
$341,658 CAD
Total Assessment
$369,730 CAD
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690-696 River St
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