442 Broadway, Menands, NY 12204

Listing Agency: NAI Platform

Listed By: Anton Pasquill · License NY #10401318851 Show Phone

Source: Crexi

Added: Nov 3 Changed: Nov 8 Last Checked: Nov 10 at 6:41AM

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Investment Insights

Based on property information with market context.

The property includes a 10,340-square-foot freestanding retail building on 0.92 acres, with 51 dedicated parking spaces and a preorder drive-through lane. The facility began adult-use operations in July 2025 and is operated by Bloom Brothers under an NNN lease between the operating and property companies. The site and building were acquired and improved between 2019 and 2023.

Located at 442 Broadway in Menands, the property is about 10 minutes north of Downtown Albany. The corridor carries 20,000 vehicles per day, and the site is described as being near an established regional retail corridor.

Key Highlights

• Licensed adult‑use cannabis dispensary operated by Bloom Brothers
• 10,340‑square‑foot freestanding retail building on 0.92 acres
• Preorder drive‑through lane and 51 dedicated parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Cannabis Properties

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm Electrical Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 94% Home Improvements & Furnishings 6%

Burger King Dining

13,770 visits/mo 0.4 miles

True Value Hardware Home Improvements & Furnishings

904 visits/mo 0.4 miles

Demographics for 12204, NY

7,818

Population

4,290

Households

1.8

Avg Household Size

37

Median Age

39%

College-Educated

91%

High-School Grad

4.1 sq mi

ZIP Area

1,907

Density / Sq Mi

$75,197

Median Household Income

$48,911

Median Earnings

$1,294

Median Rent

$226,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Cannabis property - An adult-use operator occupies the freestanding facility under an NNN lease.

Where is this cannabis property located?

The property is located at 442 Broadway Menands, NY.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: Licensed adult‑use cannabis dispensary operated by Bloom Brothers; 10,340‑square‑foot freestanding retail building on 0.92 acres; Preorder drive‑through lane and 51 dedicated parking spaces