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Property profile & analytics
OFF-MARKET Estimated value $905,000
Office buildings

165 Un St Newark, NY 14513-1559

37,440 SF 0.23 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US63-3664875
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Natural Health Chiropractic Alternative Medicine Practice
  • Leff James DC Alternative Medicine Practice
  • Nesbitt & Williams LLP Law Firm
  • Clifton Springs Family Medicine Hospital
  • RRH Vascular Surgery - Newark Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$905k
Owner & transaction history
Script Properties LLC · 3 yrs held
Script Properties LLC
since 2022
Last sale
$840,000
1 recorded transaction
2022
$840,000
Zoning & alternative use
B2 · Newark, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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