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    Property profile & analytics
    OFF-MARKET Estimated value $1,025,000
    Commercial real estate

    780 Ctr St, Lewiston, NY 14092-1768

    8,948 SF 1.7 ac lot Built 1980
    Individually Owned 17-yr Hold Free & Clear
    Property ID
    US63-5705432
    Property summary
    AI-generated overview

    This exceptional 14,129-square-foot medical office space is situated within the 25,000-square-foot Center Street Plaza in Lewiston, NY, a vibrant and historic village. Located in a Class B, two-story building constructed in 2021, this property offers a prime opportunity for medical practices seeking a prominent location. The suite is part of a larger complex featuring multiple tenants and boasts ample on-site parking with 92 spaces, along with convenient elevator access. The space is currently vacant and ready for immediate occupancy. Its strategic location on Center Street provides excellent street visibility and potential for outdoor patio space. The plaza's convenient proximity to the Niagara Scenic Parkway and Interstate 190 ensures easy access for patients and staff. Lewiston's thriving community offers numerous amenities, including restaurants, shops, and attractions, enhancing the appeal of this location. The area is known for its safety and proximity to Niagara Falls, Buffalo, and various recreational opportunities. This property presents a unique chance to establish or expand a medical practice in a desirable and well-connected setting. The building is one of three in the plaza, totaling over 55,000 square feet. The property is located in Niagara County, within the Lewiston submarket and Niagara Falls submarket cluster, with a zip code of 14092. The address is 780 Center St, Lewiston, NY, and a cross street is N Eigth Street.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1980
    Total area 8,948 SF
    Lot 1.7 ac (74,052 SF)
    APN 292401 101.11-1-37.1
    UPID US63-5705432
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $742k
    Blend (final) Blend
    $1.03M
    Owner & transaction history
    Edward Finkbeiner · 17 yrs held
    Edward Finkbeiner
    since 2009
    6 recorded transactions
    2020
    2009
    $107,394
    2009
    $629,000
    2009
    $107,493
    2005
    $341,000
    2005
    $236,776
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $755,000 +57.0%
    Office building $620,000 +29.7%
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