243 S Main St Albion, NY 14411

Building Details

Year Built

1958

Listing agency Benchmark Realty Advisors, LLC e***@norchar.com Show Phone

Listed by Evan Schaefer · License #10301221499 Show Phone

Source Elliman

Added: Mar 10 Updated: Jul 10 at 3:48PM Checked: Jul 22 at 10:26AM

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Investment Insights

Based on property information with market context.

The Arnold Gregory Complex, originally built in 1957 as a hospital, is available for purchase. The property features approximately 60,000 square feet of medical and office space distributed across two floors. Ample on-site parking is available. Currently operating as a multi-tenant office building, the property has an occupancy rate of approximately 64%, with a number of smaller, short-term office and medical tenants. The property's zoning and flexible in-place leases make it a candidate for adaptive reuse into residential units. The layout features abundant natural light along both sides of a central corridor. A new owner can continue operating the property as a stable investment or explore the opportunity to convert it to residential use.

Key Highlights

• 60,000 SF medical/office space over two floors
• Opportunity to convert to residential use
• Versatile ‘PC’ zoning

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FAQs

What type of property is this?

Office building - Multi-tenant office building with conversion potential in Albion, NY.

Where is this office building located?

The property is located at 243 S Main St Albion, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 60,000 SF medical/office space over two floors; Opportunity to convert to residential use; Versatile ‘PC’ zoning