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Medical Office Building with Parking
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4515 Military Rd, Niagara Falls, NY 14305

The property includes two medical suites with separate lease arrangements.

Property Size11,722 SF
Lot Size0.87 Acres
Price / SF$84.88
Days on Market885

Property Features for 4515 Military Rd

General Information

Standard status Active
Size 11,722 SF
Total Parking Spaces 40
Lot size 0.87 Acres
Property subtype OFFICE

Building Details

Tenancy Multi
Listing Agency: Hastings Cohn Real Estate
Listed By: Alan T. Hastings · License #10311203496
Source: Moodyscre
Added: Apr 1, 2024 Changed: Aug 29 Last Checked: Sep 1 at 11:15PM

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 Hastings Cohn Real Estate

Investment Insights

Based on property information with market context.

This 11,722-square-foot medical office property contains two suites serving distinct medical tenants. The 8,400-square-foot Mount St. Mary’s Hospital of Niagara Falls space is vacant, while rent continues through 3/2021 unless a purchaser elects to end the lease sooner. TMO Medical occupies 3,300 square feet under a lease expiring 12/312021, with two 5-year options.

The property sits on a 0.87-acre lot at 4515 Military Rd in Niagara Falls, New York, and provides 40-car parking. The roof is 3 years old. Tenants are responsible for all expenses other than roof and structural costs.

Key Highlights

  • 11,722‑square‑foot medical office property
  • Two medical suites: 8,400 sq. ft. and 3,300 sq. ft.
  • TMO Medical lease expires 12/312021 with two 5‑year options

Property Analytics

Current Use

Dr. Giuseppina J. ... Pediatrician Tmo Medical Medical Clinic Dr. Todd M. ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Restaurant Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

193
Businesses Nearby
Under-served
Demand for This Use

Demographics for 14305, NY

16,427
Population
8,348
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,106
Density / Sq Mi
$49,588
Median Household Income
$30,314
Median Earnings
$798
Median Rent
$109,200
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

  • Gerber Small Animal Hospital 3316 Military Rd, Niagara Falls, NY 14304

Frequently Asked Questions

What type of property is this?
Medical Office Space - The property includes two medical suites with separate lease arrangements.
Where is this medical office space located?
The property is located at 4515 Military Rd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 11,722‑square‑foot medical office property; Two medical suites: 8,400 sq. ft. and 3,300 sq. ft.; TMO Medical lease expires 12/312021 with two 5‑year options
(716) 481-3325 Call to check price and availability
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