243 S Main St, Albion, NY 14411
For Sale
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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.
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Rainbow Preschool High School Daycare Center
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Verneice Smiley-Delahanty, PA-C Physician
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Arc of Orleans County Law Firm
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SCS Industries Freight Service Logistics Company
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Depaul Social Service Agency Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
07 - MIXED · Albion, NYAlbion. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.