327 BroadwayMenands, NY 12204

Property Details for 327 Broadway

Year built

1955

Lot size

0.06 AC

Property size (Sq ft)

1,876 SF

Zone code

82

Property type

Turn key restaurants

APN

012603 55.6-2-11

APU

12603556211

Description

This exceptional 0.06-acre commercial lot presents a unique investment opportunity in the thriving Menands, NY market. Located at 327 Broadway, this property offers significant potential for a variety of commercial ventures. Its prime location provides easy access to major transportation routes, ensuring excellent visibility and convenient access for customers and employees. The relatively small lot size makes it an attractive option for developers seeking a manageable project with high potential return. The absence of existing structures allows for complete design flexibility, enabling the construction of a building tailored to specific business needs. This presents a blank canvas for entrepreneurs and investors to create a bespoke commercial space. The property's address in Menands, NY, places it within a dynamic and growing community, offering access to a diverse workforce and a strong local economy. Given the limited availability of commercial land in this area, this property represents a rare and valuable opportunity to establish a presence in a highly desirable location. The asking price of $539,000 reflects the property's strategic location and development potential. Serious inquiries are encouraged to explore the possibilities this exceptional lot offers. Further due diligence is recommended to confirm zoning regulations and development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $685,060

  6.5%

  $632,363

  7%

  $587,195

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,850

  Geo Method

  $617,698

• Alternative Use

  Use

  Valuation

  Residential

  $533,422

  Hospitality

  $488,612

  Educational

  $406,519

  Medical

  $420,500

  Retail

  $632,363

Location Insight

City

Menands

County

Albany

State

New York

Latitude

42.6942

Longitude

-73.7225

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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