Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Parts Store Motorcycle Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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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