775 Fairmount AveJamestown, NY 14701
- Land
- 0.05 AC
Property Details for 775 Fairmount Ave
- Lot size
- 0.05 AC
- Zone code
- 05 - COMMERCIAL
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 063889 386.11-1-63
- APU
- 6388938611163
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $478,165
- Hospitality
- $437,996
- Educational
- $364,408
- Medical
- $376,940
- Retail
- $566,857
Location Insight
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Latitude
- 42.097
- Longitude
- -79.2836
- CBSA code
- 27460
- CBSA name
- JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
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