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    FOR LEASE
    Strip malls

    27 Franklin St, Springville, NY 14141

    19,150 SF 1.79 ac lot Built 1964
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US63-3282290
    Property summary
    AI-generated overview

    This exceptional medical office opportunity is located in the Spring Creek Professional Mall at 27 Franklin Street, Springville, NY, within Erie County. The property, a Class C building constructed in 1964, offers a total of 18,589 square feet, with 8,000 square feet currently vacant and available for lease. The space is ideal for a single tenant seeking a significant footprint in a well-established medical center. Suite sizes range from 1,000 to 5,000 square feet, with the potential for expansion up to the full 8,000 square feet of vacant space. This presents a unique chance to customize the space to meet specific operational needs. The property boasts abundant on-site parking, a significant advantage for both staff and patients. Its convenient location offers easy access to a variety of nearby retail and restaurant options, enhancing the overall convenience and appeal for employees and clients alike. This is a single-tenant occupancy building, providing a private and controlled environment. The property's existing infrastructure provides a solid foundation for a thriving medical practice. The opportunity to secure a substantial space in a well-situated medical center makes this a highly attractive proposition for medical professionals seeking to establish or expand their practice.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1964
    Total area 19,150 SF
    Lot 1.79 ac (77,972 SF)
    APN 143801 335.16-1-33.1
    UPID US63-3282290
    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
    • Nicholas Lloyd Cromwell Physician Medical Clinic
    • Spectrum Human Services Springville Medical Clinic
    • Spring Creek Professional Mall Medical Clinic
    • Therapy Sports Rehab Physical Physician
    • Monica Balon Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $525k
    Owner & transaction history
    3d Springville LLC · 15 yrs held
    3d Springville LLC
    since 2011
    2 recorded transactions
    2011
    $1.1M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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