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    281 Grant Ave Auburn, NY 13021

    Sponsored
    For Sale
    $2,200,000

    Prime Medical Office, Redevelopment Potential

    Property size:
    11,507 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 11,507 square foot multi-tenant medical office building in Auburn, NY, is offered for $2,200,000 ($191.19/sq ft). Located on Grant Avenue, directly across from a Walmart Supercenter, this property boasts excellent visibility and high traffic counts (30,864 VPD). The building features two medical office suites, each equipped with multiple exam rooms, waiting areas, and reception areas. Situated on a 1.78-acre lot zoned C-3, it presents a prime investment opportunity for owner-users seeking redevelopment or established medical practices. The property benefits from ample parking, pylon signage, and convenient access via Grant Avenue and John Walsh Boulevard. Its strategic location within Auburn's main retail corridor places it near major retailers including Lowe's, BJ's, Bass Pro Shops, and Wegmans, ensuring high visibility and potential for strong tenant occupancy. This is an exceptional opportunity to acquire a well-positioned medical office building with significant upside potential. The property is for sale by owner.

    Property Features for 281 Grant Ave

    General Information

    Property type
    Medical offices
    Square Feet
    11,507 SF
    Lot Size
    77,537 SF

    Building Details

    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Glenn M. ... Doctor Dr. Ramamurthy M. ... Cardiologist Cannucciari Daniel P ... Doctor Dr. Steven J. ... Doctor Auburn Cardiology Associates Medical Clinic

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5457907
    Latitude
    42.9536759

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Redevelopment Potential
    Where is this medical office located?
    The property is located at 281 Grant Ave Auburn, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    Request Owner's contact information
    281 Grant Ave Auburn, NY 13021
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    Auburn, NY 13021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    281 Grant Ave Auburn, NY 13021
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