Three-Story Mixed-Use Brick
For Sale
$999,900
33 Church Street, Fredonia, NY 14063
Historic commercial building with elevator access, multiple office suites, and existing occupancy across three levels.
Property Size11,273 SF
Price / SF$88.70
Days on Market50
Property Features for 33 Church Street
General Information
Standard status
Active
Size
11,273 SF
Total Parking Spaces
30
Elevators
Yes
Zoning
C-1
Additional Details
Highway Access
Yes
Amenities
elevator
hardwood floors
woodwork
kitchenette
loft
conference room
audio/video cameras
Building Details
Buildings
2
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Howard Hanna Holt - Fredonia
(716) 673-1800
Listed By:
Anne LaPaglia · License #30LA0737178
(716) 673-5186
Source:
Nicholcityrealty
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 4 at 1:06PM
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 Howard Hanna Holt - Fredonia
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Investment Insights
Based on property information with market context.
This mixed-use property comprises a historic three-story brick building with elevator service and a separate deli building, totaling 11,273 square feet of commercial space. Four businesses currently occupy the property. The first floor contains a salon and spa, while the second floor includes four private offices, a conference room or executive office, and additional professional space. The third floor features original hardwood floors and woodwork, eight offices, a spare room, kitchenette, and loft. The property is located in the C-1 General Business District.
Parking includes street spaces and an approximately 30-space lot across the street on Center Street. The building also has audio and video cameras on site.
Parking includes street spaces and an approximately 30-space lot across the street on Center Street. The building also has audio and video cameras on site.
Key Highlights
- 11,273 square feet of commercial space across a three‑story brick building and separate deli building
- Four businesses currently occupy the property
- Elevator serves the three‑story main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,206
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,120
$1.5M
Cap Rate 7%
$1,060,086
$1.1M
Cap Rate 9%
$824,511
$824.5K
Market Conditions
NOI Build-Up for 11,273 SF
Gross rent
$136.6K $12.12/SF
− Vacancy
−$17.9K −$1.59/SF
EGI
$118.7K $10.53/SF
− OpEx
−$44.5K −$3.95/SF
NOI
$74.2K $6.58/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,120
Cap Rate 7%
$1,060,086
Cap Rate 9%
$824,511
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,303 @ 7.0% cap · market cap 17.43%
Second Best
Mixed Use
$1.06M
$927.6K – $1.24M
NOI $74,206 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$3.37M
$2.95M – $3.94M
NOI $236,192 @ 7.0% cap · market cap 23.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 14063, NY
13,028
Population
5,861
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
256
Density / Sq Mi
$55,629
Median Household Income
$27,358
Median Earnings
$852
Median Rent
$178,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic commercial building with elevator access, multiple office suites, and existing occupancy across three levels.
Where is this mixed-use property located?
The property is located at 33 Church Street Fredonia, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 11,273 square feet of commercial space across a three‑story brick building and separate deli building; Four businesses currently occupy the property; Elevator serves the three‑story main building
