241 Parrish StCanandaigua, NY 14424

Property Details for 241 Parrish St

Year built

1988

Lot size

0.65 AC

Property size (Sq ft)

4,264 SF

Zone code

HR

Property type

Office buildings

APN

320200 83.20-2-19

APU

3202008320219

Description

This exceptional single-story, Class B medical office building, totaling 4,264 square feet, is situated on a 0.649-acre lot at 241 Parrish Street in Canandaigua, NY. Built in 1988, the property boasts 34 parking spaces and offers a unique opportunity for both sale and lease. Currently configured as a multi-tenant building with two suites, one suite of 2,491 square feet is immediately available. This vacant suite features a reception area, three exam rooms, a bathroom with a shower, and a sizable open area, making it perfect for an owner-occupant seeking a turnkey solution. The second suite, currently occupied, measures 1,773 square feet (Note: there is a discrepancy in the provided square footage, the total is 4264 sqft, and the sum of the two suites is 4264 sqft). The building's convenient location across from Thompson Hospital provides exceptional visibility and accessibility for medical professionals. The minimum divisible space is 2,491 square feet, and the maximum contiguous space available is also 2,491 square feet. This presents a rare opportunity to acquire a well-maintained medical office building in a high-demand location. The property's features and location make it an ideal investment for medical practices seeking expansion or a new home. Ontario County location offers a strong patient base and a thriving medical community.

• CAP approach

  CAP return

  Valuation

  6%

  $688,565

  6.5%

  $635,598

  7%

  $590,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,551

  Geo Method

  $557,134

• Alternative Use

  Use

  Valuation

  Residential

  $788,142

  Hospitality

  $721,934

  Educational

  $600,640

  Medical

  $621,297

  Retail

  $934,329

Location Insight

City

Canandaigua

County

Ontario

State

New York

Latitude

42.8744

Longitude

-77.2881

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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