Property profile

165 Un St Newark, NY 14513

OFF-MARKET
Office buildings
Property ID
US63-3664875
37,440 SF 0.23 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional 2,871 sq ft medical office suite available for lease at 165 E Union St, Suite 224, Newark, NY 14513. This single-tenant space, previously occupied by Rochester Regional Health, is ideally situated in historic Downtown Newark, a short walk from the Erie Canal. The building, constructed in 1920, features four stories and a total of 46,800 square feet. This suite boasts seven exam rooms, each with guest seating and built-in sinks and counters for efficient workflow. Ample storage is available for supplies, diagnostic materials, and PPE. Three administrative offices, a large reception area with an ADA-compliant bathroom, additional filing storage, a centralized technology center, another ADA bathroom, an eye wash station, and an in-unit janitorial room provide comprehensive functionality. The property includes 20 parking spaces and sits on 0.23 acres of land. The building is zoned A02 and is in Wayne County. This is a gross lease, encompassing rent, heat, electricity, central air, water, sewer, CAM expenses, taxes, and building insurance. A new elevator has recently been installed. This turnkey solution offers immediate occupancy for medical professionals seeking a fully equipped, convenient, and well-located practice space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 37,440 SF
Lot 0.23 ac (10,019 SF)
Zoning code B2
APN 542001 68111-18-394044
UPID US63-3664875

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Law Firm
  • Hospital
  • Physician Hospital

Location

165 Un St Newark, NY 14513-1559
Newark metro Census 21200 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$915k

Owner & transaction history

since 2022
Last sale
$840,000
1 recorded transaction
2022
$840,000

Zoning & alternative use

B2 · Newark, NY

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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