1225 2Nd StJamestown, NY 14701

Property Details for 1225 2Nd St

Year built

1920

Lot size

0.58 AC

Property size (Sq ft)

9,389 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

060800 370.16-3-4

APU

608003701634

Description

This exceptional commercial property at 1225 E. 2nd Street, Jamestown, NY 14701, offers a substantial 9,389 square feet of versatile space, ideal for a variety of commercial uses. The building is classified as special purpose and is situated on a single lot. The property boasts convenient access and frontage on both East 2nd Street and Falconer Street, providing excellent visibility and accessibility for clients and deliveries. The building features overhead doors on both street sides, facilitating efficient loading and unloading. The interior space is primarily garage/warehouse, offering ample room for storage, manufacturing, or other industrial applications. A significant advantage is the property's proximity to Jamestown Community College, providing a strategic location for businesses serving the college community or its students. The roof is relatively new, minimizing immediate maintenance concerns. This property presents a unique opportunity for businesses seeking a large, well-located commercial space in Jamestown, New York. The asking price is $499,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,233,042

  6.5%

  $2,061,270

  7%

  $1,914,036

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,423,732

  Geo Method

  $2,909,717

• Alternative Use

  Use

  Valuation

  Residential

  $2,061,270

  Hospitality

  $1,888,112

  Educational

  $1,570,887

  Medical

  $1,624,912

  Retail

  $2,443,602

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.1124

Longitude

-79.2179

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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