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    FOR SALE
    Office buildings

    243 S Main St, Albion, NY 14411

    58,531 SF 4.12 ac lot Built 1970
    Individually Owned 11-yr Hold Free & Clear
    Property ID
    US63-5149522
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 58,531-square-foot medical office building situated on a 4.12-acre lot at 243 S Main St, Albion, NY 14411. Built in 1950 with a 1978 addition, this two-story building boasts ample on-site parking and is currently approximately 75% occupied by a mix of smaller, short-term tenants. The property features three elevators: two passenger and one freight, providing convenient access to all floors. The building's design incorporates abundant natural light, creating a welcoming and productive work environment. Currently operating as a multi-tenant office building, this property presents a compelling investment opportunity for continued commercial use. Alternatively, its "PC" Planned Commercial Development zoning and flexible lease terms offer significant potential for adaptive reuse, such as conversion to residential units. Located in Orleans County, this property enjoys a strategic location, approximately one hour northeast of Buffalo and 45 minutes west of Rochester, providing easy access to a substantial workforce and regional amenities. The asking price for this substantial property is $2,000,000. This presents a rare chance to acquire a large-scale property with significant upside potential in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1970
    Total area 58,531 SF
    Lot 4.12 ac (179,467 SF)
    Zoning code 07 - MIXED
    APN 342001 73.10-2-52.11
    UPID US63-5149522
    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
    • Rainbow Preschool High School Daycare Center
    • Verneice Smiley-Delahanty, PA-C Physician
    • Arc of Orleans County Law Firm
    • SCS Industries Freight Service Logistics Company
    • Depaul Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $810k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.49M
    Blend (final) Blend
    $1.15M
    Owner & transaction history
    Ambulance Central Orleans Volunteer · 11 yrs held
    Ambulance Central Orleans Volunteer
    since 2015
    3 recorded transactions
    2024
    2015
    $220,000
    2014
    $1.1M
    Zoning & alternative use
    07 - MIXED · Albion, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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