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Medical Arts Building 614 Central Ave 6,639 SF 100% Leased Office Building Dunkirk, NY 14048 $499,000 ($75.16/SF)



Executive Summary
Professional medical and office investment opportunity located at 614 Central Avenue in the City of Dunkirk, NY. The property consists of a three-building, single-story office complex with four suites totaling approximately 5,518 square feet on a ±0.50-acre parcel.
Constructed in 1965, the buildings feature masonry construction with brick exteriors and a combination of slab-on-grade and partial basement space. Approximately 2,000 square feet is currently available, suitable for owner occupancy or lease-up, offering flexibility for medical, professional, or service-oriented users. Suites are configured with private lavatories, reception areas, and functional office or treatment layouts. The property is approximately 70% occupied, providing in-place income with additional upside through leasing the vacant space and light interior improvements.
The site offers approximately 20 off-street parking spaces, multiple points of ingress and egress, and visibility along Central Avenue. Surrounding uses include medical offices, general office, churches, and cultural institutions, with proximity to SUNY Fredonia, Brooks Memorial Hospital, and regional employment centers. This asset is well suited for an investor seeking stable cash flow with value-add potential or an owner-user looking for a professional or medical office presence in a proven location.
Constructed in 1965, the buildings feature masonry construction with brick exteriors and a combination of slab-on-grade and partial basement space. Approximately 2,000 square feet is currently available, suitable for owner occupancy or lease-up, offering flexibility for medical, professional, or service-oriented users. Suites are configured with private lavatories, reception areas, and functional office or treatment layouts. The property is approximately 70% occupied, providing in-place income with additional upside through leasing the vacant space and light interior improvements.
The site offers approximately 20 off-street parking spaces, multiple points of ingress and egress, and visibility along Central Avenue. Surrounding uses include medical offices, general office, churches, and cultural institutions, with proximity to SUNY Fredonia, Brooks Memorial Hospital, and regional employment centers. This asset is well suited for an investor seeking stable cash flow with value-add potential or an owner-user looking for a professional or medical office presence in a proven location.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$10,427
|
$1.57
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,427
|
$1.57
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $10,427 |
| Annual Per SF | $1.57 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,427 |
| Annual Per SF | $1.57 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,639 SF
Building Class
C
Year Built
1960
Price
$499,000
Price Per SF
$75.16
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,639 SF
Building FAR
0.32
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
R3
Parking
20 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Chautauqua Therapeutic Massage in Dunkirk, NY has an excellent team of skilled and experienced massage therapists who are committed to helping you attain relief from injuries, pregnancy, stress, fatigue and other of life’s many issues. Our advanced training in massage, Reiki, reflexology and aromatherapy will help you achieve balance and pain management.
- Dr. Joe Askar
- Health Care and Social Assistance
- -
- -
- -
- Robert Zimmer Pc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Services | - | - | - | ||
| Dr. Joe Askar | Health Care and Social Assistance | - | - | - | ||
| Robert Zimmer Pc | Health Care and Social Assistance | - | - | - |
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Property Taxes
| Parcel Number | 060300-079-018-0004-033-000 | Total Assessment | $135,000 (2024) |
| Land Assessment | $22,100 (2024) | Annual Taxes | $10,427 ($1.57/SF) |
| Improvements Assessment | $112,900 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
060300-079-018-0004-033-000
Land Assessment
$22,100 (2024)
Improvements Assessment
$112,900 (2024)
Total Assessment
$135,000 (2024)
Annual Taxes
$10,427 ($1.57/SF)
Tax Year
2025
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Medical Arts Building | 614 Central Ave
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