243 S Main St - Medical FOR SALE


Albion, NY 14411
$2,000,000 USD
585-489-9512
243 S Main St, Albion, NY for Sale
$2,000,000 USD
Medical - FOR SALE
1/29
null | Request Cap Rate

243 S Main St
Albion, NY 14411


OVERVIEW

Benchmark Realty Advisors is pleased to present The Arnold Gregory Complex located in Albion, NY. Built as a hospital in 1957 The Arnold Gregory Complex offers approximately 60,000 SF of medical/office space on two floors with ample on-site parking. The property is currently used as a multi-tenant office building and it sits at approximately 75% occupancy with a number of smaller, short-term office/medical tenants. A new owner of this facility could continue to run it as a commercial investment property or there is potential to convert to residential. The design of the facility with ample natural light on either side of a central corridor, combined with the “PC” zoning and flexible nature of the in-place leases make this a very appealing project for an adaptive reuse residential development.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Arnold Gregory Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

4.12 AC

LAND SF

179,467 SF

ZONING

07

APN/PARCEL ID

342001-073-010-0002-052-011

ASK ABOUT THIS PROPERTY

Adam RooneyBenchmark Realty AdvisorsMore Info
585-489-9512

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Adam RooneyBenchmark Realty AdvisorsMore Info
585-489-9512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.