Retail + Destination-Based Tenant Mix | 10.63% CAP | Fully Renovated

9 - 25 East 4th Street Jamestown, NY 14701

9 - 25 East 4th Street, Jamestown, NY, 14701
Subject
9 - 25 East 4th Street, Jamestown, NY, 14701 9 - 25 East 4th Street, Jamestown, NY, 14701
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,200,000
Cap Rate:
10.63%
Last Verified:
Oct 12, 2022

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Description

Subject property is located on the NW corner of East 4th Street & Pine street in the heart of the Central Business District of the City of Jamestown NY. Jamestown NY is situated just east of Cleveland, OH and approx. 71-miles southwest of Buffalo, NY. The two-story, 17,420±SF building, originally constructed in 1920, has been fully renovated with capital improvements since 2019 totaling over $193K± and includes new HVAC units, the addition of a new retention wall at the back of the building, several office units on the second floor, and a brand-new 50-year roof. The property features a rent roll reflective of both professional and destination-based retail/health-services tenants with upside in leasing up the remaining 1,473± sf.
*New York BoR: Balkan Realty License # 109915804

Highlights

  • Beautifully Renovated - $193K in Recent Capital Improvements - Including New 50-Yr Roof, HVAC Units, and New Retention Wall
  • Centrally Located in Business District - Close Proximity Northwest Arena, National Comedy Center and Lucille Ball Little Theatre among other Traffic Generators
  • Desirable Rent Roll with Mix of Destination-Based & Professional Services / Retail Tenants
  • Upside in Leasing Remaining 1,473±SF of Vacancy - Interested Parties Actively Touring
  • Immediate Area Experiencing Significant Boom in Growth & Development - Several New Establishments within 1-M Radius of Subject

  • Additional URLs

    Map of 9 - 25 East 4th Street, Jamestown, NY, 14701

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