316 West AveAlbion, NY 14411

Property Details for 316 West Ave

Year built

1971

Lot size

15.40 AC

Property size (Sq ft)

74,252 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 74,252-square-foot shopping center in Albion, New York. Built in 1971, this single-story, Class B property sits on a 15.4-acre lot and features five retail units, currently 75% occupied. The center boasts a strong tenant roster including Save-A-Lot, Albion Pro Hardware, Dollar Tree, and Napa Auto Parts, establishing it as a vital community hub. Two spaces are currently available, one measuring approximately 16,678 square feet and the other around 16,500 square feet, offering significant expansion potential. Located on West Ave with 492 feet of road frontage on Route 31, the property benefits from high visibility and ample parking (787 spaces). The asking price is $2,000,000, translating to $26.94 per square foot. The property's commercial zoning allows for diverse business uses, and its established history provides a solid foundation for long-term investment and lease stability. Its proximity to the village of Albion and the NYSDOC Orleans Correctional Facility further enhances its strategic location and potential for consistent customer traffic. This is a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving community.

Location Insight

City

Albion

County

Orleans

State

New York

Latitude

43.2399

Longitude

-78.2025

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