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690-696 River St 5,810 SF Retail Building Troy, NY 12180 $2,038,815 CAD ($350.91 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
$2,038,815 CAD
Price Per SF
$350.91 CAD
Cap Rate
16.20%
NOI
$330,288 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
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 381700 90.70-9-1 | Improvements Assessment | $339,123 CAD |
| Land Assessment | $27,864 CAD | Total Assessment | $366,987 CAD |
PROPERTY TAXES
Parcel Number
381700 90.70-9-1
Land Assessment
$27,864 CAD
Improvements Assessment
$339,123 CAD
Total Assessment
$366,987 CAD
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690-696 River St
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