Property profile

2600 WILLIAM ST Newfane, NY 14108

OFF-MARKET
Medical Clinic
Property ID
US63-5026694
53,806 SF 7.2 ac lot Built 1958
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Property summary

AI-generated overview

The property is the former Eastern Niagara Hospital, which closed in late 2019. It includes a 63,106-square-foot main hospital building with 74 rooms and a secondary 7,441-square-foot structure. The campus is situated on approximately 7.5 acres and features a heliport at the front that has been used by Mercyflight and the Niagara County Sheriff’s Office. A recreation area with a basketball court is located in the central courtyard, and parking is available in both front and rear lots providing approximately 200 spaces. The main buildings are single-story block and brick construction. The property is configured in a way that supports redevelopment for uses such as medical facilities, nursing homes, senior housing, and other adaptive reuse scenarios.

Property profile

Verified
Property type Medical Clinic
Year built 1958
Total area 53,806 SF
Lot 7.2 ac (313,632 SF)
APN 292800 38.08-2-50
UPID US63-5026694

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
  • Physician
  • Physician
  • Ophthalmologist
  • Atm
  • Physician

Location

2600 WILLIAM ST Newfane, NY 14108
Newfane metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
Last sale
$650,000
1 recorded transaction
2021
$650,000
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