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    St Jamestown, NY 14701

    For Sale
    $999,900

    Historic Downtown Jamestown Office Complex

    Property size:
    24,768 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents two interconnected buildings totaling 24,768 square feet situated on a 0.19-acre lot in the heart of Jamestown, NY. The property, encompassing 13-15 E 3rd St and 17-23 E 3rd St, boasts a rich history, having served various purposes over the past century, including a hardware store and a Masonic Lodge. Currently, the buildings house a mix of commercial and residential tenants. Ten residential apartments are included, offering diverse income streams. Nine of these apartments feature electric baseboard heating and mini-split air conditioning systems, while one unit (#401) utilizes a gas furnace. All commercial spaces benefit from forced-air heating and central air conditioning, ensuring year-round comfort for tenants. Ample parking is provided via two dedicated lots: one located behind 17-23 E 3rd St and another on North Main St, offering a total of 22 parking spaces. Detailed floor plans for all five floors and a site plan illustrating parking arrangements are available upon request. This property offers a unique blend of historical charm and modern functionality, presenting a compelling investment prospect with significant potential for future growth and returns. The asking price is $999,900.

    Property Features for St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,768 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2451
    Latitude
    42.0955

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Jamestown Office Complex
    Where is this office property / space located?
    The property is located at St Jamestown, NY.
    What is the asking price?
    The asking price for this property is $999,900.
    (716) 763-7506
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    St Jamestown, NY 14701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    St Jamestown, NY 14701
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