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339 Broadway 58,940 SF 100% Leased Industrial Building Albany, NY 12204 $7,967,576 CAD ($135.18 CAD/SF) 8.20% Cap Rate
Executive Summary
339 Broadway is a fully leased industrial investment totaling 58,940 SF on 7.11 acres in the highly sought-after Menands submarket of the Capital Region. The property offers 20’ clear heights, 2 dock-high doors, 2 drive-in doors, and approximately 6,000 SF of office space, providing functional versatility for a wide range of industrial uses. The expansive site includes valuable excess land, supporting outdoor storage, fleet parking, or future expansion potential—enhancing long-term value and optionality for investors.
The property is less than 2 miles from I-787, offering immediate connectivity to Albany, I-90 (NYS Thruway), and I-87 (Adirondack Northway). Located under one mile from the Port of Albany and approximately five miles from Albany International Airport, the site benefits from direct access to multimodal transportation infrastructure and a strong regional labor pool. Positioned along Broadway (NY-32), a primary industrial corridor, 339 Broadway offers durable cash flow backed by a strategic infill location with long-term upside.
The property is less than 2 miles from I-787, offering immediate connectivity to Albany, I-90 (NYS Thruway), and I-87 (Adirondack Northway). Located under one mile from the Port of Albany and approximately five miles from Albany International Airport, the site benefits from direct access to multimodal transportation infrastructure and a strong regional labor pool. Positioned along Broadway (NY-32), a primary industrial corridor, 339 Broadway offers durable cash flow backed by a strategic infill location with long-term upside.
Property Facts
| Price | $7,967,576 CAD | Rentable Building Area | 58,940 SF |
| Price Per SF | $135.18 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1969 |
| Cap Rate | 8.20% | Parking Ratio | 0.8/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 7.11 AC | ||
| Zoning | 86 | ||
| Price | $7,967,576 CAD |
| Price Per SF | $135.18 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 7.11 AC |
| Rentable Building Area | 58,940 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 0.8/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | 86 |
Amenities
- Bus Line
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 012603-055-006-0002-006-000-0000 | Improvements Assessment | $1,797,650 CAD |
| Land Assessment | $298,372 CAD | Total Assessment | $2,096,022 CAD |
Property Taxes
Parcel Number
012603-055-006-0002-006-000-0000
Land Assessment
$298,372 CAD
Improvements Assessment
$1,797,650 CAD
Total Assessment
$2,096,022 CAD
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339 Broadway
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