70 Brigham Rd Fredonia, NY 14063
- Commercial real estate
- 5,500 SF
- 7.20 lot acres
Current Use by Public Records
- Park Place Collegiate Housing / Apartment Rental Agency / Furnished Apartment Building
Property Details for 70 Brigham Rd
- Year built
- 2005
- Lot size
- 7.20 lot acres
- Property size
- 5,500 SF
- Property type
- Commercial real estate
Description
This exceptional 84-unit multifamily property, located at 70 Brigham Rd, Fredonia, NY 14063, presents a compelling value-add investment opportunity. Currently configured as a student housing complex near SUNY Fredonia, the property comprises seven, three-story buildings situated on a 7.2-acre lot. The complex offers a total of 96,600 net rentable square feet, with each of the 84 units boasting approximately 1,150 square feet of living space, featuring three bedrooms and one bathroom. Built between 2005 and 2006, the property is zoned R3 Multifamily, allowing for flexibility in future use. Ample parking is available for residents and guests. The property benefits from on-site property management and presents significant upside potential through conversion to market-rate apartments. This court-ordered foreclosure sale offers a unique chance to acquire a substantial multifamily asset in a desirable location with strong potential for increased profitability. The property's proximity to SUNY Fredonia provides a built-in tenant base, while the large lot size and zoning allow for future expansion or redevelopment. This is an ideal opportunity for investors seeking a value-add project with considerable growth potential. The property is currently configured to accommodate 252 students.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredonia
- County
- Chautauqua
- State
- New York
- Longitude
- -79.3476558
- Latitude
- 42.4536343
