Building Details

Stories 1

Units 1

Tenancy Single

Listing Agency: Warren Real Estate w***@warrenhomes.com Show Phone

Listed By: William Shangraw · License #NY 10401292421

Source: Crexi

Added: Jul 10, 2023 Changed: Aug 15 Last Checked: Aug 20 at 11:01AM

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Investment Insights

Based on property information with market context.

This single-tenant medical building is situated on 3.6 acres, comprising two parcels. Currently occupied by Lourdes as a walk-in clinic, the property offers a 10.6% cap rate. This property presents an investment opportunity or potential use by the buyer upon lease expiration. The location provides convenient access to I-86.

Key Highlights

• Single tenant medical building occupied by Lourdes.
• Boasting a 10.6% cap rate.
• Situated on 3.6 acres (two parcels).

Property Analytics

Property Profile

Current Use

Guthrie Owego Fifth ... Medical Clinic Guthrie Owego Fifth ... Medical Clinic Nasir Abdul-Wadud Physician Patricia D. Pavlick, ... Physician Elisabeth Corbett, PA Pediatrician

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Skin Care Clinic Furniture & Home Goods Auto Parts Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13827, NY

11,381

Population

5,108

Households

2.2

Avg Household Size

44

Median Age

29%

College-Educated

91%

High-School Grad

90.7 sq mi

ZIP Area

125

Density / Sq Mi

$70,796

Median Household Income

$43,017

Median Earnings

$901

Median Rent

$142,600

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

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Single tenant medical building with high cap rate.

Where is this medical office space located?

The property is located at 500 5th Ave Owego, NY.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: Single tenant medical building occupied by Lourdes.; Boasting a 10.6% cap rate.; Situated on 3.6 acres (two parcels).