For Sale
$1,300,000

775 Fairmount AveJamestown, NY 14701

Fully Leased Jamestown Office Building - High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a fully leased, 7,000 square foot, single-story office building located at 775-778 Fairmount Avenue, Jamestown, NY 14701. This Class B, multi-tenant property boasts 100% occupancy with five units under triple net (NNN) leases. Built in 2001, the building features a low-maintenance brick exterior and ample parking (35 spaces). The property sits on a 0.67-acre lot in a highly visible and desirable location within a thriving commercial area. Tenants include a diverse mix of established businesses, including an engineering firm, investment advisory firm, mental health clinic, licensed massage therapist, and a dentist. The building benefits from a strong history of occupancy and a current cap rate of 8.7%. A brand new roof was installed in October 2024. The property is zoned for professional office use and presents a stable, income-producing asset ideal for investors seeking a secure return. The asking price is $1,300,000.

Highlights

  • Fully leased, 7,000 SF single-story office building in Jamestown, NY.
  • 100% occupancy with five units under triple-net (NNN) leases.
  • Strong tenant mix including engineering, financial, and healthcare businesses.
  • 8.7% current cap rate and new roof (October 2024).
  • $1,300,000 asking price.

Property Details for 775 Fairmount Ave

Property type
Office properties
Square Feet
7,000 SF
Class
B
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
29,185 SF
Units
5

Location Insight

City
Jamestown
County
Chautauqua
State
New York
Latitude
42.097258391701
Longitude
-79.282978090694
775 Fairmount Ave, Jamestown, New York

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775 Fairmount Ave
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