327 Broadway Menands, NY 12204-2707
- Turn key restaurants
- 1,876 SF
- 0.06 lot acres
Current Use by Public Records
- Kris’ Mid City Tavern / Pub
Property Details for 327 Broadway
- Year built
- 1955
- Lot size
- 0.06 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $170,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $200,000
- Mixed-Use
- $180,000
- Hospitality
- $190,000
- Educational
- $190,000
- Residential Income
- $170,000
- Energy
- $180,000
- Income-Based Land
- $165,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Menands
- County
- Albany
- State
- New York
- Longitude
- -73.7225
- Latitude
- 42.6942
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
