Three-Story Mixed-Use
14 E 3rd Street Jamestown, NY 14701
14 E 3rd Street, Jamestown, NY, 14701
$399,900
For Sale
$399,900
Row-style brick building with a storefront and two furnished short-term rental units.
Property Size4,860 SF
Price / SF$82.28
Days on Market105
Property Features for 14 E 3rd Street
General Information
- Standard status
- Active
- Size
- 4,860 SF
- Property subtype
- Office
Building Details
- Year Built
- 1908
Listing agency
EXP-Premier Listings Team
(716) 338-8622
Listed by
Laura Ferraro
(716) 338-8622
Source
Xome
Added: Apr 8 Updated: Jul 21 at 2:29PM Checked: Jul 21 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP-Premier Listings Team
Investment Insights
Based on property information with market context.
This three-story, row-style mixed-use building features a classic brick façade with large windows and strong street presence. The first floor includes a storefront commercial space suitable for retail, office, boutique, or service-based use. The second and third floors each contain furnished residential units that are currently operating as active short-term rentals.
The second-floor unit offers two bedrooms and two full bathrooms, while the third-floor unit offers two bedrooms and one full bathroom. The property is located in downtown Jamestown in a highly walkable, high-visibility area, just steps from the National Comedy Center. It is also surrounded by restaurants, shops, entertainment, and local businesses, with convenient proximity to Chautauqua Lake.
With commercial space on the ground level and two income-producing residential units under one roof, the building provides diversified rental potential in a central downtown setting.
The second-floor unit offers two bedrooms and two full bathrooms, while the third-floor unit offers two bedrooms and one full bathroom. The property is located in downtown Jamestown in a highly walkable, high-visibility area, just steps from the National Comedy Center. It is also surrounded by restaurants, shops, entertainment, and local businesses, with convenient proximity to Chautauqua Lake.
With commercial space on the ground level and two income-producing residential units under one roof, the building provides diversified rental potential in a central downtown setting.
Key Highlights
- 3‑story row‑style brick mixed‑use building with a storefront on the first floor and residential units on the 2nd and 3rd floors
- Second‑floor furnished unit: 2 bedrooms and 2 full baths (active short‑term rental)
- Third‑floor furnished unit: 2 bedrooms and 1 full bath (active short‑term rental)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.0k | $15.84 |
| − Vacancy | −$10.1k | −$2.08 |
| EGI | $66.9k | $13.76 |
| − OpEx | −$30.1k | −$6.19 |
| NOI | $36.8k | $7.57 |
4,860 SF · lease $15.84/SF/yr · vacancy 13.10% · expense 45.00%
Alternative Uses
Best Use
Retail
$852.1K
$745.6K – $994.1K
NOI $59,644 @ 7.0% cap · market cap 14.91%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,794 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,827 @ 7.0% cap · market cap 25.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chautauqua Soap Co.
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Row-style brick building with a storefront and two furnished short-term rental units.
Where is this short term rental property located?
The property is located at 14 E 3rd Street Jamestown, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑story row‑style brick mixed‑use building with a storefront on the first floor and residential units on the 2nd and 3rd floors; Second‑floor furnished unit: 2 bedrooms and 2 full baths (active short‑term rental); Third‑floor furnished unit: 2 bedrooms and 1 full bath (active short‑term rental)
