28 Church StAlfred, NY 14802

Property Details for 28 Church St

Year built

1989

Lot size

0.27 AC

Property size (Sq ft)

2,576 SF

Property type

Medical offices

Property subtype

Medical centers

APN

022001 164.6-1-11

APU

220011646111

Description

This exceptional 2,576 square foot commercial property, situated on a 0.27-acre lot at 28 Church Street in the heart of Alfred, NY, presents a unique investment opportunity. Currently operating as a medical office since the 1990s, this B2-zoned building offers significant versatility for a range of professional uses. The well-designed interior includes a spacious waiting area, a receptionist's office, five exam rooms, a lab area, two client bathrooms, two staff bathrooms, a kitchen area, two additional offices, and a utility room. The building is equipped with central air conditioning and forced-air heating, and benefits from convenient public water and sewer connections. A portion of the roof was updated in 2012. The property's prime location and functional layout make it ideal for continued use as a medical facility or adaptation to other professional or community-oriented purposes. Note that there is an active lease currently in place. Detailed floor plans are available. Priced at $165,000.

• CAP approach

  CAP return

  Valuation

  6%

  $441,257

  6.5%

  $407,314

  7%

  $378,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $240,887

  Geo Method

  $162,056

• Alternative Use

  Use

  Valuation

  Residential

  $505,069

  Hospitality

  $462,641

  Educational

  $384,912

  Medical

  $398,149

  Retail

  $598,751

Location Insight

City

Alfred

County

Allegany

State

New York

Latitude

42.2544

Longitude

-77.7932

Property Tax & Assessments

FAQs

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