Property profile

316 West Ave Albion, NY 14411

OFF-MARKET
Lifestyle centers
74,252 SF 15.4 ac lot Built 1971
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 74,252-square-foot shopping center in Albion, New York. Built in 1971, this single-story, Class B property sits on a 15.4-acre lot and features five retail units, currently 75% occupied. The center boasts a strong tenant roster including Save-A-Lot, Albion Pro Hardware, Dollar Tree, and Napa Auto Parts, establishing it as a vital community hub. Two spaces are currently available, one measuring approximately 16,678 square feet and the other around 16,500 square feet, offering significant expansion potential. Located on West Ave with 492 feet of road frontage on Route 31, the property benefits from high visibility and ample parking (787 spaces). The asking price is $2,000,000, translating to $26.94 per square foot. The property's commercial zoning allows for diverse business uses, and its established history provides a solid foundation for long-term investment and lease stability. Its proximity to the village of Albion and the NYSDOC Orleans Correctional Facility further enhances its strategic location and potential for consistent customer traffic. This is a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving community.

Property profile

Verified
Property type Lifestyle centers
Year built 1971
Total area 74,252 SF
Lot 15.4 ac (670,824 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

316 West Ave Albion, NY 14411
Albion metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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