For Sale
$650,000

527 Genesee StFayetteville, NY 13066

Prime Fayetteville medical office, turnkey investment.

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional 7,587 square foot medical office building, located at 527 E Genesee St in Fayetteville, NY, presents a compelling investment opportunity. Priced at $650,000 ($85.67/sq ft), this Class C property boasts a 100% occupancy rate with a long-term lease in place at $5,250 per month, including a 5-year option. Built in 1966 and situated on a 1.08-acre lot, the building features three stories and is zoned B1. Significant recent improvements include a renovated reception area, a new hardscape, and an expanded parking lot with 27 spaces and convenient wheelchair access. The interior comprises ten exam rooms, a second-floor office space, a break room, and private bathrooms. Exterior upgrades include vinyl siding, replacement windows, and updated electrical panels. This high-traffic location within Fayetteville's thriving business district offers exceptional visibility and proximity to established retail and professional offices. The property's current use as a dental office makes it an ideal turnkey investment, requiring minimal capital expenditure for immediate income generation. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a desirable location.

Property Details for 527 Genesee St

Property type
Other office properties, Medical offices
Square Feet
7,587 SF
Class
C
Year Built
1966
Buildings
1
Stories
3
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Fayetteville
County
Onondaga
State
New York
Latitude
43.030400306648
Longitude
-76.001788287931
527 Genesee St, Fayetteville, New York

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527 Genesee St
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