Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    316 West Ave Albion, NY 14411

    Sponsored
    For Sale
    $2,000,000

    Prime Albion retail center, 5 units.

    Property size:
    74,252 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a 74,252-square-foot shopping center in Albion, New York. Built in 1971, this single-story, Class B property sits on a 15.4-acre lot and features five retail units, currently 75% occupied. The center boasts a strong tenant roster including Save-A-Lot, Albion Pro Hardware, Dollar Tree, and Napa Auto Parts, establishing it as a vital community hub. Two spaces are currently available, one measuring approximately 16,678 square feet and the other around 16,500 square feet, offering significant expansion potential. Located on West Ave with 492 feet of road frontage on Route 31, the property benefits from high visibility and ample parking (787 spaces). The asking price is $2,000,000, translating to $26.94 per square foot. The property's commercial zoning allows for diverse business uses, and its established history provides a solid foundation for long-term investment and lease stability. Its proximity to the village of Albion and the NYSDOC Orleans Correctional Facility further enhances its strategic location and potential for consistent customer traffic. This is a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving community.

    Property Features for 316 West Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    74,252 SF
    Class
    B
    Lot Size
    670,824 SF

    Building Details

    Year Built
    1971
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • Excellent long‑term investment opportunity with strong lease potential.
    • 74,252 square‑foot retail/commercial building.
    • Five diverse units offer flexible leasing options.
    • Established in 1971; proven track record.
    • Commercially zoned for versatile business uses.
    • High‑visibility location in Albion, NY.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Orleans
    State
    New York
    Longitude
    -78.2024976
    Latitude
    43.2399497

    Nearby Similar for Sale

    • $315,000
      6,695 SF

      Albion Commercial Property on High-Traffic

      Well-maintained commercial building on 1.10-acre lot in Albion, NY.
      438 West Ave, Albion, NY 14411
      View Details
    • New
      $159,900
      5,548 SF

      Albion Office Building For Sale

      Two-story office building with flexible layout and downtown views.
      109 N Main St, Albion, NY 14411
      View Details
    • $750,000
      61,969 SF

      Albion Medical/Office Complex For Sale

      Multi-tenant office building with adaptive reuse potential in Albion, NY.
      243 S Main St, Albion, NY 14411
      View Details
    • $150,000

      Commercial Building in Albion Business District

      Spacious commercial building with income potential in Albion, NY.
      178 N Main St, Albion, NY 14411
      View Details
    • $650,000

      Grocery Store in Albion Plaza

      24,785 SF grocery store with large parking lot.
      Address Not Disclosed, Albion, NY
      View Details
    • $169,900

      Albion Duplex Investment Opportunity

      Two-unit property with rental income potential near downtown Albion.
      314 W State St, Albion, NY 14411
      View Details
    • $299,900
      2,216 SF

      Free-Standing Building on Route 31

      2,216 SF building on 0.75 acres, ideal for retail.
      13896 State Route 31, Albion, NY 14411
      View Details
    • $450,000

      Coho Lodge on Seven Acres

      Lodge with campsites and hookups on over seven acres.
      679 Hog Back Rd, Albion, NY 13302
      View Details
    • $225,000

      Automotive Repair Facility For Sale

      4,176 SF automotive repair facility on 1.07 acres.
      15753 Ridge Rd, Albion, NY 14411
      View Details
    • $315,000
      10,428 SF

      lectures

      parties
      28 Bank St, Albion, NY 14411
      View Details
    • $2,000,000
      58,531 SF

      Albion Medical Office Complex

      Prime medical/office building, 58,531 SF
      243 Main St, Albion, NY 14411
      View Details
    • $489,900
      11,125 SF

      Albion Warehouse Investment Opportunity

      High-return warehouse, prime location
      449 West Ave, Albion, NY 14411
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Albion retail center, 5 units.
    Where is this lifestyle center located?
    The property is located at 316 West Ave Albion, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Excellent long-term investment opportunity with strong lease potential.; 74,252 square-foot retail/commercial building.; Five diverse units offer flexible leasing options.
    Request Owner's contact information
    316 West Ave Albion, NY 14411
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    316 West Ave
    Albion, NY 14411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    316 West Ave Albion, NY 14411
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.