1013 Fairmount AveJamestown, NY 14701

Property Details for 1013 Fairmount Ave

Year built

1965

Lot size

0.32 AC

Property size (Sq ft)

2,396 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

063889 386.10-1-1

APU

638893861011

Description

This exceptional 7,421 square foot commercial property presents a rare opportunity in a high-traffic location within Jamestown, NY. Situated on a 0.32-acre corner lot at the intersection of Fairmount Avenue and Southwestern Drive, this site benefits from exceptional visibility and accessibility. Boasting over 20,000 vehicles passing daily, this location ensures maximum exposure for any business. The property's strategic placement between major retailers such as Walmart, Target, Wegmans, and Home Depot guarantees significant foot traffic and brand synergy. The site is ideal for a single large business, multiple smaller businesses, or a substantial redevelopment project. Its prominent corner location at a red light intersection provides unparalleled visibility and convenient access from two major roadways. The substantial size of the lot and building offers ample space for various commercial endeavors, making it a truly unique investment opportunity in a thriving retail corridor. The high daily traffic count, coupled with the proximity to established retail giants, makes this property an exceptional prospect for businesses seeking maximum visibility and customer reach in the Jamestown market. This is a chance to secure a prime location with significant potential for growth and return on investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $523,175

  6.5%

  $482,930

  7%

  $448,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,093

  Geo Method

  $488,637

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $942,090

  Retail / Commercial

  $483,970

  Hospitality / Lodging

  $355,204

  Office

  $480,776

  Institutional / Educational

  $502,298

  Residential Income

  $587,689

  Multifamily

  $701,038

  Automotive / Energy

  $430,541

  Parking / Income-Based Land

  $147,897

  Restaurant / Food Service

  $252,640

  Healthcare / Senior Housing

  $494,532

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.0973

Longitude

-79.2948

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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