507 8th St Jamestown, NY 14701-2909
This exceptional multi-use commercial property, located at 507 W 8th St in Jamestown, NY, presents a unique investment opportunity. Situated on a 0.26-acre lot, the property boasts a total of 4,000 square feet of space, strategically divided to maximize functionality. The main building comprises two floors, each measuring 2,052 square feet, offering significant space for a variety of business uses. Previous successful operations include restaurant supply and service, equipment rental, and plumbing wholesale, demonstrating the property's adaptability to diverse business models. The property's convenient location in a high-traffic area ensures excellent visibility and accessibility for customers and clients. Ample parking is provided on a well-maintained lot, adding to the property's overall appeal. Further enhancing its utility are four storage bays and two concrete-floored storage garages, providing secure and spacious storage solutions. This versatile property is ideally suited for service-based businesses or those requiring substantial storage capacity. The asking price is $160,000, representing a compelling investment opportunity in a thriving commercial area. This property is ready for immediate occupancy and presents a rare chance to establish or expand a business in a prime Jamestown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.