St Jamestown, NY 14701
This exceptional investment opportunity presents two interconnected buildings totaling 24,768 square feet situated on a 0.19-acre lot in the heart of Jamestown, NY. The property, encompassing 13-15 E 3rd St and 17-23 E 3rd St, boasts a rich history, having served various purposes over the past century, including a hardware store and a Masonic Lodge. Currently, the buildings house a mix of commercial and residential tenants. Ten residential apartments are included, offering diverse income streams. Nine of these apartments feature electric baseboard heating and mini-split air conditioning systems, while one unit (#401) utilizes a gas furnace. All commercial spaces benefit from forced-air heating and central air conditioning, ensuring year-round comfort for tenants. Ample parking is provided via two dedicated lots: one located behind 17-23 E 3rd St and another on North Main St, offering a total of 22 parking spaces. Detailed floor plans for all five floors and a site plan illustrating parking arrangements are available upon request. This property offers a unique blend of historical charm and modern functionality, presenting a compelling investment prospect with significant potential for future growth and returns. The asking price is $999,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.