DEVELOPMENT OPPORTUNITY

Offered is a two tax lot portfolio representing a tremendous opportunity for development. 1.77 total acres, nearly one full city block of downtown Troy in site of the Hudson River. Structures consist of: 1) The Frear building, approx. 50k SF of mostly leased retail/office; 2) 356 Fulton St, approx. 40k SF of vacant office; and 3) The Atrium, approx. 73k SF of vacant retail/office space. Permitted as-of-right for at least 7 stories in structural height and 85% maximum impervious lot coverage.

All tax lots are listed as ‘Contributing’ on the National Register of Historic Places, with The Frear building structure built in approx. 1900 as the noted structure. It also should be noted that the lot resides in the city’s ‘Resilient Waterfront’ overlay and ‘Historic District’ overlay. Contact LBO regarding offering memorandum and to schedule all showings.

All structures are structurally connected with some shared utility services to each other as well as a city owned portion of the block/structure. Contact LBO for full offering memorandum and additional information.