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    FOR SALE
    Office buildings

    1870 Whitehaven Rd, Grand Island, NY 14072

    1,665 SF 0.8 ac lot Built 1979
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US63-1365186
    Property summary
    AI-generated overview

    This exceptional 3,330 square foot commercial building is situated in Grand Island's central business district at 1870 Whitehaven Road, offering a compelling investment opportunity. The property boasts a fully occupied tenant roster, ensuring immediate cash flow. The building features a shared main entrance and a separate rear entrance for added convenience. The lower level comprises two office suites, each with its own entrance, general office finishes, open office areas, restrooms, and a mechanical room. The upper level, currently occupied by a single tenant, includes a reception area, meeting room, conference room, break room, and two restrooms. Exterior features include an asphalt-paved and striped parking lot, concrete sidewalks, and signage. The building benefits from multi-zone heating and central air conditioning. Recent upgrades within the last five years include new furnaces, air conditioners, and a tankless hot water heater. The 25-year roof was replaced approximately 15 years ago, and windows were replaced in 2015. The property also features LED lighting throughout. The building is conveniently located near a bus line. The 0.8-acre lot provides ample space. Note: The sump pump has a water backup issue. This property presents a rare opportunity to acquire a well-maintained, income-producing commercial building in a desirable location. Priced at $369,000.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1979
    Total area 1,665 SF
    Lot 0.8 ac (34,848 SF)
    Zoning code CBD
    APN 144600 37.03-2-24.2
    UPID US63-1365186
    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
    • Dr. Lauren Adelizi Alternative Medicine Practice
    • Irma K. Ruth, CSWR Physician
    • Vantage Marketing Advertising Agency Marketing & Advertising
    • VMG Distributors Inc. Advertising Agency Marketing & Advertising
    • CAMT North America Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Vmg Holdings North INC · 11 yrs held
    Vmg Holdings North INC
    since 2014
    2 recorded transactions
    2014
    $200,000
    2013
    Zoning & alternative use
    CBD · Grand Island, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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