401 West Ave, Albion, NY 14411
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.