1 3rd Street, Troy, NY 12180

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Property Description

Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.

1 3rd Street | MLS# 202628189

This commercial property located at 1 3rd Street, Troy, NY 12180 is currently listed for sale with an asking price of $3,890,000. 3rd Street is located within the Troy school district. Search Troy real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Investment

Basement: None

Cooling: Central Air

Heating: Forced Air, Natural Gas

Lot Size: 0.31 Acres

Roof Type: Rubber

Stories: 3.0

Taxes: $79,408

Year Built: 1840

Feature Descriptions

Days on Site: 3

Exterior: Brick

Lot Dimensions: 162' x 122'

Parcel #: 381700 101.45-9-1

Parking Total: 0

Sewer: Public Sewer

SQFT Building Total: 49965

Water: Public

Local Schools

School District: Troy

Demographics

Listed By / Shown By

Listing By

Agency Name: Carrow Real Estate Services LLC
Agency Phone: 1 518-462-7491

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

1 3rd Street, Troy, NY 12180

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/17/2026. The listing information on this page last changed on 10/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 10/17/2026 12:00:24 AM EST) or Global MLS (last updated Fri 10/16/2026 11:52:34 PM EST) or New York State Alliance MLS (last updated Fri 10/16/2026 11:59:07 PM EST) or Hudson Valley Catskill Region MLS (last updated Fri 10/16/2026 11:51:26 PM EST) or Berkshire MLS (last updated Fri 10/16/2026 8:13:52 PM EST) or OneKey MLS (last updated Fri 10/16/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

C.B. Prime Properties, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

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Coldwell Banker®. All rights reserved. The Coldwell Banker System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices. Coldwell Banker Real Estate LLC, fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

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1 3rd Street, Troy, NY 12180

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Property Description

1 3rd Street | MLS# 202628189

Gallery

Property Features

Feature Descriptions

Local Schools

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1 3rd Street, Troy, NY 12180

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1 3rd Street, Troy, NY 12180

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