811 Main StJamestown, NY 14701

Property Details for 811 Main St

Year built

2003

Lot size

1.54 AC

Property size (Sq ft)

14,605 SF

Property type

Community centers

APN

060800 387.06-6-20

APU

6080038706620

Description

This exceptional 14,605-square-foot freestanding retail building presents a unique investment opportunity in Jamestown, New York. Situated on a 1.4-acre lot at the highly visible, signalized intersection of North Main Street (Route 60) and 8th Street, this property boasts prime visibility and accessibility. Constructed in 2003, the single-story building is currently vacant, offering a blank canvas for a variety of retail uses. The property's previous tenant was a national pharmacy chain, demonstrating its suitability for similar businesses. The building is classified as Class B and features ample parking with 63 spaces available. The zoning designation is C-2 Community Commercial, allowing for a range of commercial activities. Located in Chautauqua County, this property benefits from its position within the Jamestown submarket. The entire 14,605 square feet is available for lease, providing significant space for a large-scale retail operation. This property offers a rare chance to acquire a well-located, substantial retail space in a growing market. The convenient location and ample parking make this an attractive option for businesses seeking high visibility and customer convenience. The property's size and layout offer flexibility for various retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $4,117,910

  6.5%

  $3,801,148

  7%

  $3,529,638

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,600,644

  Geo Method

  $7,358,712

• Alternative Use

  Use

  Valuation

  Residential

  $3,206,410

  Hospitality

  $2,937,055

  Educational

  $2,443,595

  Medical

  $2,527,634

  Retail

  $3,801,148

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.1012

Longitude

-79.2422

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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