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    OFF-MARKET
    Office Spaces

    401 West Ave, Albion, NY 14411

    1,080 SF 0.19 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,080 square foot office building, located at 401 West Ave in Albion, NY, presents a compelling investment opportunity. Currently occupied by a long-term tenant, this property offers immediate rental income potential, making it an ideal addition to any investment portfolio. The building sits on a 0.19-acre lot and is conveniently located in Albion, NY. The asking price is $129,900. Note that this property is being subdivided from a larger parcel, and the listed taxes are estimates based on the larger parcel's previous assessment. Therefore, the actual tax assessment for this specific 0.19-acre lot will be determined upon final subdivision. This presents a unique opportunity for an investor seeking a stable, income-generating asset. The property is also suitable for owner-occupancy, providing a retail space option for a business owner. There is a potential to purchase an adjacent property at 407 West Ave, which was part of the larger parcel. Interested parties should conduct their own due diligence regarding taxes and potential expansion opportunities. This is a rare chance to acquire a well-located, income-producing office building in a desirable area. Don't miss out on this excellent investment prospect.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1900
    Total area 1,080 SF
    Lot 0.19 ac (8,276 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • D & D Power Sports Auto Parts Store Motorcycle Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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