Mixed-Use Office and Apartment
For Sale
$450,000
2 Hospital Drive, Massena, NY 13662
COMMERCIAL - Massena, NY
Property Size1,638 SF
Lot Size0.22 Acres
Price / SF$274.73
Days on Market58
Property Features for 2 Hospital Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking
7
Parking features
Parking Lot
Interior features
Apartment
Basement
Concrete, Interior Entry
Appliances
Refrigerator, Washer/Dryer
Elementary school district
Massena
Middle school district
Massena
High school district
Massena
Directions
Directly across from Massena Hospital
Subdivision
Massena
Standard status
Active
APN
9.057-8-1
Size
1,638 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
10065
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Forced Air, Electric (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Flooring type
Linoleum, Laminate, Carpet
Building materials
Frame, Vinyl Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Whitbeck Assoc Tupper Lake
(518) 359-9440
Listed By:
Matthew Ellis
(518) 359-9989
Added: Jun 4
Changed: Jul 30
Last Checked: Jul 31 at 4:06AM
MLS# 207478
Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a medical office-style main level with a reception and waiting area featuring a fireplace, a large administrative office, and an expansive reception workspace. The existing layout also includes four exam rooms, four private offices, a staff break room, and a full basement that provides storage. The main level is currently being transformed from a former emergent care facility into a two-bedroom apartment.
The property is positioned directly across from Rochester Regional Health Massena Hospital, with convenient accessibility and ample on-site parking for employees, patients, residents, and visitors.
A second-floor one-bedroom apartment has been recently updated, including a new kitchen and refreshed living spaces. Zoning is listed as Mixed, supporting a flexible configuration as medical/professional offices, residential rental units, or a conversion to multiple residential uses.
The property is positioned directly across from Rochester Regional Health Massena Hospital, with convenient accessibility and ample on-site parking for employees, patients, residents, and visitors.
A second-floor one-bedroom apartment has been recently updated, including a new kitchen and refreshed living spaces. Zoning is listed as Mixed, supporting a flexible configuration as medical/professional offices, residential rental units, or a conversion to multiple residential uses.
Key Highlights
- Building is located directly across from Rochester Regional Health Massena Hospital
- Main level being transformed into a spacious 2‑bedroom apartment
- Second‑floor 1‑bedroom apartment recently updated with a new kitchen and refreshed living spaces
Financial Insights For Healthcare Medical
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 | $41.3k | $25.20 |
| − Vacancy | −$4.3k | −$2.65 |
| EGI | $36.9k | $22.55 |
| − OpEx | −$14.8k | −$9.02 |
| NOI | $22.2k | $13.53 |
1,638 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$316.7K
$277.1K – $369.4K
NOI $22,166 @ 7.0% cap · market cap 4.93%
Second Best
Office B
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$406.4K
$355.6K – $474.1K
NOI $28,446 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Massena
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with medical exam room layout, updated second-floor apartment, and parking in a hospital-adjacent setting.
Where is this mixed-use property located?
The property is located at 2 Hospital Drive Massena, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Building is located directly across from Rochester Regional Health Massena Hospital; Main level being transformed into a spacious 2‑bedroom apartment; Second‑floor 1‑bedroom apartment recently updated with a new kitchen and refreshed living spaces
