37 Main StFredonia, NY 14063

Property Details for 37 Main St

Year built

1920

Lot size

0.12 AC

Property size (Sq ft)

6,991 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

065801 113.15-5-39

APU

6580111315539

Description

This exceptional investment opportunity presents a two-story, multi-tenant office building ideally situated in Fredonia, NY's vibrant business district. The property, located at 37 W Main St, boasts a substantial 8,490 square feet of leasable space, currently housing a diverse mix of tenants including medical practices and administrative offices. The building's strong tenant roster includes Great Lakes Physician Practice Administrative Offices, Apnea Care, and Landis Chiropractic, ensuring a consistent income stream. The property features approximately seven paved parking spaces directly adjacent to the building, providing ample convenience for tenants and visitors. The lot itself measures approximately 72.6 x 110 feet, encompassing roughly 0.18 acres (19% of an acre). Recent renovations and upgrades were completed in 2007, 2012, and as recently as 2024, demonstrating a commitment to maintaining the property's high standards. The building's strategic location near the State University of New York at Fredonia further enhances its appeal and potential for future growth. The property is offered at $665,000. Note that a separate, larger medical building at 504 Central Ave in Dunkirk is also available for purchase.

• CAP approach

  CAP return

  Valuation

  6%

  $1,340,830

  6.5%

  $1,237,689

  7%

  $1,149,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,924

  Geo Method

  $1,397,780

• Alternative Use

  Use

  Valuation

  Residential

  $1,534,734

  Hospitality

  $1,405,808

  Educational

  $1,169,616

  Medical

  $1,209,841

  Retail

  $1,819,403

Location Insight

City

Fredonia

County

Chautauqua

State

New York

Latitude

42.4408

Longitude

-79.3297

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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