Riverfront development opportunity in Downtown Troy Ohio

21 W Water St Troy, OH 45373

21 W Water St, Troy, OH, 45373
21 W Water St, Troy, OH, 45373
FOR SALE
Property Type:
Street Retail
Amount:
$650,000
Last Verified:
May 27, 2020

Highlights

  • $650,000
  • 1/3 Acre site in Downtown Troy
  • Ideal for development of restaurants, retail, condos, apartments or a mixed use building
  • Located across the street from the proposed parking garage
  • Fantastic views of the River, Downtown and Troy Stadium

Description

Great opportunity for a variety of development. This 1/3 Acre lot features views of the Great Miami River, Troy Stadium and Downtown. Ideally located just feet off of the Downtown square which has retail, restaurant and is the site of the Troy Strawberry Festival every year. Troy is the County seat for Miami County and has a historic past with ties to the Hobart Corporation and many more. Visit https://troyohio.gov/ and https://troymainstreet.org/ to learn more about the city and its downtown. PLEASE do not approach any tenants at the property.

One of a kind location overlooking the Great Miami River in Downtown Troy Ohio.


Year Built: 1920
Building Size: 3455.0sq ft
Building Class: B
Lot Size: 0.33 acres

Map of 21 W Water St, Troy, OH, 45373

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.