Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Investment in Downtown Jamestown Title is generated by Realmo AI

    24 E 3rd St, Jamestown, NY 14701

    View on Map
    Claim this Listing
    For Sale
    $425,000

    Mixed-use property with commercial and residential income potential.

    Type:Commercial
    Added:
    May 9, 2026
    Days on Market:
    20
    Last Refresh:
    May 9 at 3:05 am

    Property Features for 24 E 3rd St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Laura Ferraro
    Laura Ferraro

    Listing agent Laura Ferraro

    Listing office

    Listing date May 9, 2026

    Source Elliman

    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 Laura Ferraro

    HighLights

    • Prime downtown location with high visibility and strong street presence
    • Mixed‑use property with diversified revenue streams
    • Turn‑key, fully furnished 2‑bedroom, 2‑bath residential unit operating as a successful short‑term rental
    • Flexible leasing opportunities with approximately 9 private office spaces
    • Ideal for owner‑occupants seeking to offset expenses through rental income
    • Classic brick façade and large storefront windows

    Overview

    This mixed-use property is located in downtown Jamestown's business district on a corner lot. The building features a brick facade and storefront windows, offering visibility and street presence in a high-traffic location. The first and second floors contain approximately 9 private office spaces, suitable for professional, office, or service-based uses. The layout can accommodate multiple tenants or an owner-occupant seeking rental income. The third floor includes a 2-bedroom, 2-bath residential unit, fully furnished and operating as a short-term rental. The residential unit can continue as an Airbnb-style rental, create additional income, or provide on-site living. The property offers diversified revenue streams within a single asset. Its downtown location is near restaurants, local businesses, entertainment, and amenities, enhancing rental appeal and usability. The property is ideal for investors, entrepreneurs, or owner-occupants seeking a versatile mixed-use property with income-producing potential. The location has a walk score of 61, indicating it is somewhat walkable, and a bike score of 32, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Campbell & Shelton Attorneys Law Firm Peter Grubea Attorneys Law Firm Hall & Lee Yaw ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2402059
    Latitude
    42.0963004

    Nearby Similar for Sale

    • $325,000
      8,968 SF

      Jamestown Retail Building on Main

      Commercial retail building on Main Street with versatile space.
      1259 N Main Street, Jamestown, NY 14701
      View Details
    • $299,900
      9,097 SF

      Historic Jamestown Property with Office Use

      Historic property in Jamestown, currently an office, potential for conversion.
      413 N Main Street, Jamestown, NY 14701
      View Details
    • $199,900
      3,415 SF

      Jamestown Commercial Property For Sale

      Well-maintained commercial property suited for various business uses.
      1290 E 2nd Street, Jamestown, NY 14701
      View Details
    • $360,000
      7,260 SF

      Commercial Property with Parking Income

      Well-maintained commercial building with income-generating parking lot in Jamestown.
      309 Prendergast Avenue, Jamestown, NY 14701
      View Details
    • $155,000
      2,833 SF

      Turn Key Jamestown Multifamily Property

      Four-unit multifamily property with recent renovations and strong rental income.
      400 Allen Street, Jamestown, NY 14701
      View Details
    • $139,000
      2,796 SF

      Three Unit Investment Opportunity

      Turn-key multi-family home with income potential in Jamestown, NY.
      201 Forest Avenue, Jamestown, NY 14701
      View Details
    • $349,900
      4,400 SF

      Commercial Retail Building on Main

      Commercial retail building with versatile space and desirable features.
      1259 N Main St, Jamestown, NY 14701
      View Details
    • $399,000
      7,920 SF

      Jamestown Commercial Space For Sale

      Prime downtown commercial space ideal for retail, office, or mixed-use.
      304 - 310 W 3rd Street, Jamestown, NY 14701
      View Details
    • $119,900
      3,588 SF

      Jamestown Income Property For Sale

      Three-unit income property near downtown Jamestown with separate meters.
      1142 Prendergast Avenue, Jamestown, NY 14701
      View Details
    • $659,900
      18,685 SF

      Jamestown Manufacturing & Warehouse Facility

      Versatile industrial property with manufacturing, warehouse, and office space.
      19.5 Blackstone Avenue, Jamestown, NY 14701
      View Details
    • $59,900
      2,246 SF

      Jamestown Multifamily Investment Opportunity

      Multifamily property in Jamestown, NY with long-term tenant.
      220 & 222 Fulton, Jamestown, NY 14701
      View Details
    • $24,900
      2,296 SF

      Two-Family Multi-Unit Renovation Opportunity

      Two-family multi-unit property in Jamestown, NY, needing full renovation.
      10 Terrace Place, Jamestown, NY 14701
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential income potential.
    Where is this mixed-use property located?
    The property is located at 24 E 3rd St Jamestown, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Prime downtown location with high visibility and strong street presence; Mixed‑use property with diversified revenue streams; Turn‑key, fully furnished 2‑bedroom, 2‑bath residential unit operating as a successful short‑term rental
    (716) 338-8622
    We can help!
    Listing Contact
    Laura Ferraro
    Laura Ferraro
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24 E 3rd St, Jamestown, NY 14701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!