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Arnold Gregory Office Building 243 S Main St 61,969 SF 64% Leased Office Building Albion Town Orleans, NY 14411 $750,000 ($12.10/SF)
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
61,969 SF
Building Class
B
Year Built/Renovated
1957/1978
Price
$750,000
Price Per SF
$12.10
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
30,984 SF
Slab To Slab
10’
Building FAR
0.35
Lot Size
4.12 AC
Opportunity Zone
Yes
Zoning
07 - 465 - Professional Building
Parking
220 Spaces (3.14 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Food Service
- Storage Space
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 2,000 SF
- Office/Medical
- -
- Now
- 1st Floor
- 3,000 SF
- Office/Medical
- -
- Now
- 1st Floor
- 200 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 400 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 600 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 800 SF
- Retail
- Partial Build-Out
- Now
- 1st Floor
- 1,000 SF
- Retail
- Partial Build-Out
- Now
- 1st Floor
- 100 SF
- Office
- Partial Build-Out
- Now
- 2nd Floor
- 4,000 SF
- Office
- Partial Build-Out
- Now
- 2nd Floor
- 10,000 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,000 SF | Office/Medical | - | Now |
| 1st Floor | 3,000 SF | Office/Medical | - | Now |
| 1st Floor | 200 SF | Office | Partial Build-Out | Now |
| 1st Floor | 400 SF | Office | Partial Build-Out | Now |
| 1st Floor | 600 SF | Office | Partial Build-Out | Now |
| 1st Floor | 800 SF | Retail | Partial Build-Out | Now |
| 1st Floor | 1,000 SF | Retail | Partial Build-Out | Now |
| 1st Floor | 100 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 4,000 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 10,000 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 200 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 400 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 600 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 800 SF |
| Space Use |
| Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 100 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 1
Property Taxes
| Parcel Number | 342001-073-010-0002-052-011 | Improvements Assessment | $655,300 |
| Land Assessment | $151,000 | Total Assessment | $806,300 |
Property Taxes
Parcel Number
342001-073-010-0002-052-011
Land Assessment
$151,000
Improvements Assessment
$655,300
Total Assessment
$806,300
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Arnold Gregory Office Building | 243 S Main St
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