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    707 Fairmount Ave Ellicott, NY 14701

    Sponsored
    For Lease
    $10 SF/Yr

    Jamestown Retail Center: High Traffic, Mixed-Use

    Lot size:
    40,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in this prime 40,973 square foot retail strip center, ideally situated in Jamestown's bustling retail corridor. The property boasts 13 suites, with 8,150 square feet currently available for lease. This Class C center, built in 1957, sits on an expansive 11.7-acre lot and offers 231 parking spaces, ensuring ample convenience for customers. Its location along Fairmount Avenue provides exceptional visibility, benefiting from an average daily traffic count of 19,187 vehicles (2019 NYSDOT data). The property features a signalized entrance for easy access and egress. Current tenants include a diverse mix of businesses, creating a vibrant and established retail environment. Available spaces range from approximately 2,000 to 6,150 square feet, offering flexibility for various business needs. The property is zoned for shopping center use (Shopping Center District, APN 38-611-331.0, Chautauqua County). Lease rates start at $10.00 per square foot per year, with estimated NNN costs of $2.82 per square foot per year. Detailed floor plans and 3D tours are readily available. This is an exceptional opportunity to establish or expand your business in a high-traffic, well-established retail center.

    Property Features for 707 Fairmount Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,973 SF
    Class
    C
    Total Rate
    34144.17

    Building Details

    Year Built
    1957

    Unit(s) available at that property

    Space
    Suite 9
    Size
    6,150 SF
    Rate per SF
    $10
    Space
    Suite 7
    Size
    2,000 SF
    Rate per SF
    $11

    HighLights

    • 40,973 SF Class C strip center with 13 suites available for lease in Chautauqua County.
    • 8,150 SF of vacant space available, including 2,000 SF and 6,150 SF mixed‑use units.
    • Located in Jamestown's retail corridor near major retailers like Walmart, Home Depot, and Wegmans.
    • High visibility with 19,187 average daily traffic count on Fairmount Avenue.
    • Ample parking with 231 spaces and a signalized plaza entrance.
    • Strong tenant mix including Dunn Tire, AT&T, Subway, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM (First Niagara ... Atm Gary Nelson Optician Clear View Pools Swimming Pool Supply Store Laury Opticians Inc Optician Zoom Tan Tanning Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott
    County
    Chautauqua
    State
    New York
    Longitude
    -79.28037341546
    Latitude
    42.09656737207

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    FAQs

    What type of property is this?
    Neighborhood center - Jamestown Retail Center: High Traffic, Mixed-Use
    Where is this neighborhood center located?
    The property is located at 707 Fairmount Ave Ellicott, NY.
    What is the lease rate?
    The lease rate is $10-$11 SF/Yr.
    What are key features of this property?
    This property features: 40,973 SF Class C strip center with 13 suites available for lease in Chautauqua County.; 8,150 SF of vacant space available, including 2,000 SF and 6,150 SF mixed-use units.; Located in Jamestown's retail corridor near major retailers like Walmart, Home Depot, and Wegmans.
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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
    707 Fairmount Ave Ellicott, NY 14701
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