Turn-Key Medical Office
For Sale
$351,000
12655 Seneca Road, Irving, NY 14081
Move-in-ready medical office building with multiple suites, exam rooms, offices, and ample on-site parking.
Property Size3,228 SF
Lot Size1.40 Acres
Price / SF$108.74
Days on Market108
Property Features for 12655 Seneca Road
General Information
Standard status
Active
Size
3,228 SF
Lot size
1.40 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Office Units
3
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Fredonia
(716) 679-8355
Listed By:
Howard Hanna Holt
(716) 679-8355
Source:
Xome
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 16 at 6:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fredonia
Investment Insights
Based on property information with market context.
This turn-key commercial building offers a versatile medical office configuration totaling 3,000+ square feet. The property is currently arranged as three separate medical office suites, with a combined total of 6 exam rooms, open reception and waiting space, and multiple private rooms. Included are 4 offices, 4 bathrooms, three reception areas, a kitchenette, and a very large shared waiting room that can support shared practices or coordinated patient flow. The exterior includes ample on-site parking and a spacious metal pole barn suited for additional equipment, records, or expansion needs.
The property is located at 12655 Seneca Road in Hanover, NY, with easy access to major routes and local amenities, described as within about one minute of I-90 exit/entrance 58. The building is positioned for convenient drive-in access, supported by the on-site parking area.
With zoning for professional and commercial use, the layout is practical for healthcare professionals and shared practices, as well as other professional office users seeking separate suites under one ownership. For buyers or owner-operators, the existing room count and multiple reception/waiting areas support continued operations with minimal setup, while the pole barn adds storage and operational flexibility.
The property is located at 12655 Seneca Road in Hanover, NY, with easy access to major routes and local amenities, described as within about one minute of I-90 exit/entrance 58. The building is positioned for convenient drive-in access, supported by the on-site parking area.
With zoning for professional and commercial use, the layout is practical for healthcare professionals and shared practices, as well as other professional office users seeking separate suites under one ownership. For buyers or owner-operators, the existing room count and multiple reception/waiting areas support continued operations with minimal setup, while the pole barn adds storage and operational flexibility.
Key Highlights
- 3,000+ SF commercial building on 1.4 acres with zoning for professional and commercial use (Zoning 465)
- Currently set up as three separate medical office suites with 6 exam rooms and a large shared waiting room
- Includes 4 offices, 4 baths, 3 reception areas, and a kitchenette
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $9.48 |
| − Vacancy | −$2.1k | −$0.64 |
| EGI | $28.5k | $8.84 |
| − OpEx | −$4.3k | −$1.33 |
| NOI | $24.2k | $7.51 |
3,228 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Healthcare Medical
$724.6K
$634.1K – $845.4K
NOI $50,725 @ 7.0% cap · market cap 14.45%
Second Best
Office B
$713.0K
$623.9K – $831.9K
NOI $49,911 @ 7.0% cap · market cap 14.22%
Theoretical Best
Office A
$966.2K
$845.4K – $1.13M
NOI $67,633 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 14081, NY
2,983
Population
1,470
Households
2
Avg Household Size
45
Median Age
25%
College-Educated
90%
High-School Grad
32.0 sq mi
ZIP Area
93
Density / Sq Mi
$63,672
Median Household Income
$40,734
Median Earnings
$888
Median Rent
$126,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Move-in-ready medical office building with multiple suites, exam rooms, offices, and ample on-site parking.
Where is this medical center located?
The property is located at 12655 Seneca Road Irving, NY.
What is the asking price?
The asking price for this property is $351,000.
What are key features of this property?
This property features: 3,000+ SF commercial building on 1.4 acres with zoning for professional and commercial use (Zoning 465); Currently set up as three separate medical office suites with 6 exam rooms and a large shared waiting room; Includes 4 offices, 4 baths, 3 reception areas, and a kitchenette
