Multi-Tenant Medical Office
241 Parrish St Canandaigua, NY 14424
For Sale
Contact for pricing
Freestanding medical office building with two suites, including a vacant unit and a month-to-month leased suite.
Property Size4,264 SF
Price / SF$152.44
Days on Market1049
Property Features for 241 Parrish St
General Information
Standard status
Active
Size
4,264 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Rochester
(585) 503-8553
Listed By:
Christopher Giunta · License #10401283811
(585) 503-8553
Source:
Moodyscre
Added: Sep 15, 2023
Changed: Jul 26
Last Checked: Jul 28 at 12:50PM
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 Cushman & Wakefield | Pyramid Brokerage - Rochester
Investment Insights
Based on property information with market context.
This freestanding, multi-tenant medical office building offers 4,264± SF divided into two suites. One suite is vacant at approximately 2,500± SF, and the second suite is leased on a month-to-month basis at approximately 1,581± SF.
The property is located at 241 Parrish Street and is positioned across from Thompson Hospital, providing convenient proximity for medical-related operations.
With two independently configured suites, the building supports flexible occupancy for an owner or investor seeking defined space options.
The property is located at 241 Parrish Street and is positioned across from Thompson Hospital, providing convenient proximity for medical-related operations.
With two independently configured suites, the building supports flexible occupancy for an owner or investor seeking defined space options.
Key Highlights
- Multi‑tenant medical office building with 4,264± SF total space at 241 Parrish Street
- Across from Thompson Hospital
- Two suites: vacant 2,500± SF unit and a leased 1,581± SF suite
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 | $112.6k | $26.40 |
| − Vacancy | −$14.3k | −$3.35 |
| EGI | $98.3k | $23.05 |
| − OpEx | −$39.3k | −$9.22 |
| NOI | $59.0k | $13.83 |
4,264 SF · lease $26.40/SF/yr · vacancy 12.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$975.0K
$853.1K – $1.14M
NOI $68,248 @ 7.0% cap · market cap 10.50%
Second Best
Healthcare Medical
$842.3K
$737.1K – $982.7K
NOI $58,964 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,339 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building with two suites, including a vacant unit and a month-to-month leased suite.
Where is this medical office space located?
The property is located at 241 Parrish St Canandaigua, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Multi‑tenant medical office building with 4,264± SF total space at 241 Parrish Street; Across from Thompson Hospital; Two suites: vacant 2,500± SF unit and a leased 1,581± SF suite
