Albion Medical/Office Complex For
For Sale
Contact for pricing
243 S Main St, Albion, NY 14411
60,000 SF medical/office space with redevelopment potential in Albion, NY.
Property Size58,531 SF
Price / SF$12.81
Days on Market801
Property Features for 243 S Main St
General Information
Standard status
Active
Size
58,531 SF
Property subtype
Office, Mixed Use
Zoning
PC - Planned Commercial Development
Building Details
Year Built
1950
Year Renovated
1978
Listing Agency:
Benchmark Realty Advisors, LLC
(585) 337-1764
Listed By:
Evan Schaefer · License #NY 10301221499
Source:
Crexi
Added: Jun 12, 2024
Changed: Aug 16
Last Checked: Aug 19 at 2:21AM
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 Benchmark Realty Advisors, LLC
Investment Insights
Based on property information with market context.
The Arnold Gregory Complex, constructed in 1957 as a hospital, offers approximately 60,000 square feet of medical and office space across two floors. The property includes on-site parking. Currently operating as a multi-tenant office building, the complex is approximately 75% occupied with smaller, short-term office and medical tenants. A new owner could continue its use as a commercial investment property or explore conversion to residential use. The building's design features ample natural light on either side of a central corridor. The existing zoning and the flexible nature of the in-place leases may make this an appealing project for adaptive reuse residential development.
Key Highlights
- Potential for adaptive reuse as a residential development due to design and zoning.
- Existing multi‑tenant office building with 75% occupancy provides immediate income.
- Approximately 60,000 SF of medical/office space on two floors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 14411, NY
13,334
Population
5,683
Households
2.3
Avg Household Size
41
Median Age
12%
College-Educated
85%
High-School Grad
112.7 sq mi
ZIP Area
118
Density / Sq Mi
$53,626
Median Household Income
$35,681
Median Earnings
$888
Median Rent
$108,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - 60,000 SF medical/office space with redevelopment potential in Albion, NY.
Where is this office building located?
The property is located at 243 S Main St Albion, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Potential for adaptive reuse as a residential development due to design and zoning.; Existing multi‑tenant office building with 75% occupancy provides immediate income.; Approximately 60,000 SF of medical/office space on two floors.
