Property summary
This exceptional Class A medical office building, situated at 2800 Spencerport Rd, Spencerport, NY 14559, presents a unique investment opportunity. The 10,516 square foot, two-story building, constructed in 2006, boasts a prime location at the border of the Village of Spencerport, offering convenient access and high visibility. Currently, there are two available suites on the main floor, ideal for immediate occupancy: a 2,150 square foot dental suite and a 3,108 square foot dental lab. The building sits on 2.34 acres of land, offering ample parking and is located on the waterfront, adjacent to the canal. The property features a sprinkler system and is zoned for Restricted Business use, allowing for a variety of medical, office, and retail uses (see attached permitted uses for details). The asking price is $1,500,000, with lease rates of $12.00 per square foot. Operating expenses are approximately $3.75 per square foot, inclusive of real estate taxes. The building is a single-tenant property with 5,258 square feet currently vacant. Utilities are provided by Village Electric. This property is perfect for an owner-occupant or an investor seeking a strong return in a desirable location. The property's APN is 087.14-2-2.12. The cross street is Gillett Rd. There are no elevators.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
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Medical Clinic
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Dental Office
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
RB · Spencerport, NYZoning
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Zoning designation
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