Medical Office Building with
For Sale
$375,000
63 West 2nd Street, Oswego, NY 13126
Established professional office layout with private rooms, accessible entry, and dedicated parking.
Property Size2,044 SF
Price / SF$183.46
Days on Market52
Property Features for 63 West 2nd Street
General Information
Standard status
Active
Size
2,044 SF
Total Parking Spaces
6
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$6,301
Amenities
handicap-accessible ramp entrance
partially finished basement
Building Details
Building Size
2,044 SF
Year Built
1974
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Hunt Real Estate ERA
Listed By:
Karen A Hammond · License #40HA1110676
(315) 263-9111
Source:
Highfallssir
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 15 at 8:26AM
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 Hunt Real Estate ERA
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Investment Insights
Based on property information with market context.
This 2,044-square-foot medical office building is configured for professional practice use, with 6 private exam rooms, a check-in area, lobby, receptionist workspace, dedicated storage and supply room, and 2 half bathrooms. A partially finished basement adds usable supporting space, while the handicap-accessible ramp provides an accessible entrance. The building was constructed in 1974 and has a newer roof.
The property includes 6 private deeded parking spaces and is currently leased, with the tenant paying utilities. Approximately 4 years remain on the lease, which includes a renewal option. Under the current arrangement, the owner is responsible for property taxes, building insurance, and repairs; the tenant handles lawn care and snow removal.
The property includes 6 private deeded parking spaces and is currently leased, with the tenant paying utilities. Approximately 4 years remain on the lease, which includes a renewal option. Under the current arrangement, the owner is responsible for property taxes, building insurance, and repairs; the tenant handles lawn care and snow removal.
Key Highlights
- 2,044‑square‑foot medical office building
- 6 private exam rooms with check‑in area, lobby, and receptionist workspace
- Partially finished basement, storage and supply room, and 2 half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,660
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,200
$553.2K
Cap Rate 7%
$395,143
$395.1K
Cap Rate 9%
$307,333
$307.3K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$51.5K $25.20/SF
− Vacancy
−$5.4K −$2.65/SF
EGI
$46.1K $22.55/SF
− OpEx
−$18.4K −$9.02/SF
NOI
$27.7K $13.53/SF
Area
Oswego County, NY
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,200
Cap Rate 7%
$395,143
Cap Rate 9%
$307,333
Alternative Uses
Best Use
Healthcare Medical
$395.1K
$345.8K – $461.0K
NOI $27,660 @ 7.0% cap · market cap 7.38%
Second Best
Office B
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established professional office layout with private rooms, accessible entry, and dedicated parking.
Where is this medical office space located?
The property is located at 63 West 2nd Street Oswego, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,044‑square‑foot medical office building; 6 private exam rooms with check‑in area, lobby, and receptionist workspace; Partially finished basement, storage and supply room, and 2 half bathrooms
