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Property profile & analytics
FOR SALE
Turn key restaurants

327 Broadway Menands, NY 12204

1,876 SF 0.06 ac lot Built 1955
Entity Owned 7-yr Hold Free & Clear
Property ID
US63-0092650
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Total area 1,876 SF
Lot 0.06 ac (2,614 SF)
Zoning code 82
APN 012603 55.6-2-11
UPID US63-0092650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kris’ Mid City Tavern Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
327 Broadway Menands LLC · 7 yrs held
327 Broadway Menands LLC
since 2019
2 recorded transactions
2019
$145,000
2007
$100,000
Zoning & alternative use
82 · Menands, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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