4 3rd St, Jamestown, NY 14701-5127

This exceptional 37,686 square foot, three-story Class B office building in Jamestown, NY, presents a compelling investment opportunity. Currently 100% occupied by three credit-rated tenants (M&T Bank, Digitell, and Chautauqua Works) under a gross lease structure with a remaining lease term of approximately 1.8 years, the property boasts a strong 9.79% cap rate and a pro-forma cap rate of 10.71%. The building, constructed in 1940 and renovated in 2015, sits on a 0.27-acre lot in a prime location adjacent to restaurants, shopping, and hotels. All three tenants have indicated their intent to sign five-year lease extensions with a 5% annual rent bump, further solidifying the investment's stability. The current Net Operating Income (NOI) is $137,000, projected to increase to $150,000. The asking price is $1,400,000, translating to a price per square foot of $37.15. This stabilized investment offers significant potential for long-term growth and value appreciation, making it an attractive option for both owner-users and investors seeking a strong return on investment in a thriving market. The property is zoned B and features a multi-tenant occupancy structure with leases commencing September 1, 2021, and expiring August 31, 2026.