Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Clinic Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general service…
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
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
CBD · Dunkirk, NYThe CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general service…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general service…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Dunkirk, NY.
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