1259 Main StJamestown, NY 14701

Property Details for 1259 Main St

Year built

2008

Lot size

0.40 AC

Property size (Sq ft)

2,242 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

060800 370.14-3-1.1

APU

6080037014311

Description

This exceptional commercial property at 1259 N Main St, Jamestown, NY 14701 presents a rare investment opportunity. The 4,484 square foot building, constructed in 2008, sits on a 1.1-acre lot and boasts versatile space ideal for various businesses. Currently operating as a flower shop, the property features attractive interior elements including cathedral ceilings, a walk-in cooler, extensive built-in oak cabinetry and countertops, and workspace islands. The main level also includes an attached garage. A full, walkout, heated basement with tall ceilings offers significant additional space. Exterior features include a second greenhouse and a lower-level garage with a 10-foot overhead door. The property includes 15 parking spaces and is zoned for commercial use. With its prime Main Street location near the expressway, ample space, and desirable features, this property offers significant potential for a variety of commercial ventures. The asking price is $439,000, with a net operating income (NOI) of $12,660, and a price per square foot of $110. The property's APN is 060800-370-014-0003-001-001.

• CAP approach

  CAP return

  Valuation

  6%

  $533,229

  6.5%

  $492,212

  7%

  $457,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,973

  Geo Method

  $694,812

• Alternative Use

  Use

  Valuation

  Residential

  $492,212

  Hospitality

  $450,863

  Educational

  $375,113

  Medical

  $388,014

  Retail

  $583,509

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.1145

Longitude

-79.2412

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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