504 Central Ave, Dunkirk, NY 14048-2515
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.
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Sleep Medicine center Medical Clinic
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Western New York Urology Associates Medical Clinic Physician
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Chautauqua Medical Services—GLPP Physician
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Landis Andrew MD Physician
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Dr. Ranime Saliba Physician
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Dunkirk, NYDunkirk. 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.