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    OFF-MARKET
    Office buildings

    504 Central Ave, Dunkirk, NY 14048-2515

    8,440 SF 0.71 ac lot Built 1910
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US63-6265117
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully occupied medical office building situated at 504 Central Avenue in Dunkirk, New York. The property boasts 8,448 square feet of space, housed within a frame and masonry structure. Currently leased to Great Lakes Physician Practice (a UPMC affiliate) and WNY Urology, this building offers a stable and reliable income stream. Originally purchased in 2010 and extensively renovated in 2015, the building features modern amenities including an elevator, catering to the needs of its medical tenants. The 0.71-acre lot provides ample parking for 31 vehicles, strategically located at a signaled intersection with curb cuts on both Central Avenue and 5th Street. Its prime location across from Brooks Memorial Hospital places it within a vibrant residential and business district, benefiting from high visibility and convenient access. The building's proximity to the Dunkirk Historical Society, Washington Park, and the Dunkirk Library further enhances its desirability. The Dunkirk Middle School is also located nearby. This property offers a compelling investment opportunity due to its strong tenant occupancy, desirable location, and recent renovations. Note that a separate mixed-use medical and retail building at 37 West Main Street in Fredonia is available for purchase for an additional $665,000. The listing ID is B1545723.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1910
    Total area 8,440 SF
    Lot 0.71 ac (30,845 SF)
    Zoning code CBD
    APN 060300 79.18-4-3
    UPID US63-6265117
    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
    • Sleep Medicine center Medical Clinic
    • Western New York Urology Associates Medical Clinic Physician
    • Chautauqua Medical Services—GLPP Physician
    • Landis Andrew MD Physician
    • Dr. Ranime Saliba Physician
    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
    by Request
    Owner & transaction history
    Cma Of Western Ny, LLC · 16 yrs held
    Cma Of Western Ny, LLC
    since 2010
    1 recorded transaction
    2010
    $100,000
    Zoning & alternative use
    CBD · Dunkirk, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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