Medical Office Building with
72 MAIN ST Massena, NY 13662
72 MAIN ST, Massena, NY, 13662
$399,000
For Sale
$399,000
Solid brick-and-stone medical office building with multiple offices on two levels and parking behind the property.
Property Size6,366 SF
Price / SF$62.68
Days on Market181
Property Features for 72 MAIN ST
General Information
- Standard status
- Active
- Size
- 6,366 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Cimarron Properties, LLC
(970) 708-1535
Listed by
Donna Veale · License #0698456
(970) 708-1535
Source
Xome
Added: Jan 22 Updated: Jul 22 at 5:13AM Checked: Jul 22 at 5:13AM
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 Cimarron Properties, LLC
Investment Insights
Based on property information with market context.
This solid brick and stone building was previously used as an ophthalmology practice and includes office space on the ground level plus a second level with multiple offices and bathrooms. The property has undergone recent updates, including a new roof, a recently replaced natural gas furnace, and exterior paint completed in 2021.
The building is located in downtown Massena and minutes to the Canadian Border. Parking is available behind the building, and it is situated in the Massena Electric District. The property is zoned Commercial Business District.
With its two-level office configuration and on-site parking, the building can support a range of commercial uses allowed under its current zoning, and the second level may be suitable for residential conversion, depending on applicable requirements.
The building is located in downtown Massena and minutes to the Canadian Border. Parking is available behind the building, and it is situated in the Massena Electric District. The property is zoned Commercial Business District.
With its two-level office configuration and on-site parking, the building can support a range of commercial uses allowed under its current zoning, and the second level may be suitable for residential conversion, depending on applicable requirements.
Key Highlights
- Solid brick‑and‑stone medical office building with offices on two levels totaling 6,366+ SF
- Second level includes several offices and bathrooms; offers flexibility for apartments or Airbnb use
- Central Air cooling and heating system listed as 3
Local Financial Insights For Apartment 5plus
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 | $69.5k | $10.92 |
| − Vacancy | −$15.4k | −$2.41 |
| EGI | $54.2k | $8.51 |
| − OpEx | −$24.4k | −$3.83 |
| NOI | $29.8k | $4.68 |
6,366 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%
Alternative Uses
Best Use
Healthcare Medical
$1.23M
$1.08M – $1.44M
NOI $86,147 @ 7.0% cap · market cap 21.59%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,370 @ 7.0% cap · market cap 20.89%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,555 @ 7.0% cap · market cap 27.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Town & Country Veterinary Clinic — 341 Main St, Massena, NY 13662
FAQs
What type of property is this?
Medical Office Space - Solid brick-and-stone medical office building with multiple offices on two levels and parking behind the property.
Where is this medical office space located?
The property is located at 72 MAIN ST Massena, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Solid brick‑and‑stone medical office building with offices on two levels totaling 6,366+ SF; Second level includes several offices and bathrooms; offers flexibility for apartments or Airbnb use; Central Air cooling and heating system listed as 3
