Property summary
This exceptional 172,381-square-foot medical office building presents a unique development opportunity. Situated on a sprawling 30.8-acre lot in Irving, New York, this Class B property boasts a prime location at the intersection of Routes 5 and 20, offering convenient access to the NYS Thruway I-90 Silver Creek exit. Currently vacant, the property is zoned C and offers significant potential for redevelopment. The expansive site previously housed a hospital, medical offices, and a skilled nursing facility, providing a solid foundation for various projects. Its strategic location near local amenities, including bars, restaurants, and fast-food establishments, adds to its appeal. This property is ideally suited for multifamily development, affordable housing initiatives, or workforce housing projects, presenting a compelling investment opportunity in a vibrant community. The substantial square footage and ample land provide considerable flexibility for a wide range of development plans. This is a rare chance to acquire a large-scale property with significant upside potential in a desirable location. The property's history as a medical facility could also lend itself to continued use in the healthcare sector, depending on the buyer's vision. Serious inquiries are encouraged.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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