Albion Medical/Office Complex For Sale

243 S Main St, Albion, NY 14411

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For Sale

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60,000 SF medical/office space with redevelopment potential in Albion, NY.

Type:Office, Mixed Use

Property size:

58,531 SF

Price / SF:

$12/SF

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and status of this listing

Evan Schaefer

Real Estate License ID: NY 10301221499

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.
Ample on‑site parking available.
Flexible in‑place leases allow for various development options.
Abundant natural light throughout the building.

For Sale

Contact for pricing

60,000 SF medical/office space with redevelopment potential in Albion, NY.

Type:Office, Mixed Use

Property size:

58,531 SF

Price / SF:

$12/SF

Added:: Jun 12, 2024
Days on Market:: 755
Last Refresh:: Jun 29 at 1:04 am

Property Features for 243 S Main St

General Information

Standard status: Active
Size: 58,531 SF
Property subtype: Office, Mixed Use

Building Details

Year Built: 1950

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Evan Schaefer

Listing office Benchmark Realty Advisors, LLC

Listing date Jun 12, 2024

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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.
Ample on‑site parking available.
Flexible in‑place leases allow for various development options.
Abundant natural light throughout the building.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Rainbow Preschool High School Verneice Smiley-Delahanty, PA-C Physician Arc of Orleans County Law Firm SCS Industries Freight Service Depaul Social Service Agency

Suggested Use

Location Insight

Map
Local Demand

City: Albion
County: Orleans
State: New York
Longitude: -78.1918213
Latitude: 43.2385515

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For sale
Office buildings
NY
Albion
14411
243 S Main St

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.