16 Scott StJamestown, NY 14701

Property Details for 16 Scott St

Year built

1930

Lot size

0.18 AC

Property size (Sq ft)

20,816 SF

Property type

Industrial properties

APN

060800 387.08-2-47

APU

6080038708247

Description

This exceptional commercial property, located at 16 Scott Street in Jamestown, New York, presents a compelling investment opportunity. Boasting a substantial 20,816 square feet of space, this general commercial building sits on a conveniently sized 0.18-acre lot, offering ample room for a variety of business ventures. The asking price of $79,900 makes this a highly attractive proposition for entrepreneurs and investors seeking a foothold in the Jamestown market. The property's significant square footage allows for flexible configurations, accommodating diverse business needs. Its location in Jamestown provides access to a established local market and potential customer base. The size of the lot offers potential for expansion or outdoor use, depending on the specific business requirements. This property is being offered as-is, and interested parties are encouraged to conduct their own due diligence to assess its suitability for their intended use. Given the combination of size, location, and price, this commercial building represents a rare opportunity to acquire a significant asset in a desirable location at an exceptionally competitive price point. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $8,866,720

  6.5%

  $8,184,660

  7%

  $7,600,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,258,330

  Geo Method

  $6,659,120

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,204,610

  Mixed-Use / Specialty

  $4,195,580

  Hospitality / Lodging

  $3,085,920

  Office

  $4,176,860

  Institutional / Educational

  $4,363,850

  Residential Income

  $5,105,700

  Multifamily

  $6,090,470

  Automotive / Energy

  $3,740,440

  Parking / Income-Based Land

  $1,284,890

  Restaurant / Food Service

  $2,194,870

  Healthcare / Senior Housing

  $4,296,380

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.0992

Longitude

-79.2288

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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