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    196 E Fairmount Ave Lakewood, NY 14750

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    For Sale
    $899,000

    Prime commercial property in high-traffic retail corridor near Chautauqua Lake.

    Lot size:
    0.16 Acres

    Property Features for 196 E Fairmount Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1950

    Source: ERA Team VP Real Estate Agent Michael McVinney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakewood Retail Opportunity on Fairmount

    Located in the busiest retail corridor of the region, this commercial property at 196 E. Fairmount Ave. in Lakewood, NY, comprises five parcels totaling approximately 1.1 acres. Situated on one of the highest traffic roads in Chautauqua County, the property is near TJ Maxx and across the street from Harbor Freight, placing it on the main thoroughfare for shopping and services for residents and visitors of Chautauqua Lake. The main commercial building provides space to operate a business. Multiple income-generating houses on-site can offset holding costs and increase cash flow. This property is suitable for development, investment, or establishing a visible retail or service location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Smartchoice Motor Cars Used Car Dealer Marsh TV & Appliances Appliance Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Chautauqua
    State
    New York
    Longitude
    -79.312662
    Latitude
    42.097347

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    FAQs

    What type of property is this?
    Storefront property - Prime commercial property in high-traffic retail corridor near Chautauqua Lake.
    Where is this storefront property located?
    The property is located at 196 E Fairmount Ave Lakewood, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime commercial location on the busiest retail corridor in the region.; - High traffic volume on one of Chautauqua County's busiest roads.; - Includes five parcels totaling approximately 1.1 acres.
    (716) 640-0104
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    Lakewood, NY 14750
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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
    196 E Fairmount Ave Lakewood, NY 14750
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