316 West Ave Albion, NY 14411
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
Listing Agent: Rick Recckio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Orleans
- State
- New York
- Longitude
- -78.2024976
- Latitude
- 43.2399497
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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.