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Property profile & analytics
OFF-MARKET Estimated value $810,000
Strip malls

707 Fairmount Ave Jamestown, NY 14701-2623

40,973 SF 11.7 ac lot Built 1957
Entity Owned Absentee Owner Free & Clear
Property ID
US63-0558325
Property summary
AI-generated overview

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 profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Total area 40,973 SF
Lot 11.7 ac (509,652 SF)
Zoning code 05 - COMMERCIAL
APN 063889 386.11-3-3.1
UPID US63-0558325
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ATM (First Niagara Bank) Atm
  • Gary Nelson Ophthalmologist (Bike/Boat/Book/etc) Store
  • Clear View Pools (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • Laury Opticians Inc Ophthalmologist (Bike/Boat/Book/etc) Store
  • Zoom Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$810k
Owner & transaction history
RAE SHEL CORP
RAE SHEL CORP
Zoning & alternative use
05 - COMMERCIAL · Jamestown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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