Property profile

775 Fairmount Ave Jamestown, NY 14701

FOR SALE
Commercial land
Property ID
US63-5058487
0.05 ac lot
Entity Owned 13-yr Hold Free & Clear
Saved · see the list in your Dashboard
775 Fairmount Ave, Jamestown, NY 14701 For Sale
Contact for pricing
775 Fairmount Ave, Jamestown, NY 14701
View Listing →

Property summary

AI-generated overview

Exceptional investment opportunity: a fully leased, 7,000 square foot, single-story office building located at 775-778 Fairmount Avenue, Jamestown, NY 14701. This Class B, multi-tenant property boasts 100% occupancy with five units under triple net (NNN) leases. Built in 2001, the building features a low-maintenance brick exterior and ample parking (35 spaces). The property sits on a 0.67-acre lot in a highly visible and desirable location within a thriving commercial area. Tenants include a diverse mix of established businesses, including an engineering firm, investment advisory firm, mental health clinic, licensed massage therapist, and a dentist. The building benefits from a strong history of occupancy and a current cap rate of 8.7%. A brand new roof was installed in October 2024. The property is zoned for professional office use and presents a stable, income-producing asset ideal for investors seeking a secure return. The asking price is $1,300,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.05 ac (2,178 SF)
Zoning code 05 - COMMERCIAL
APN 063889 386.11-1-63
UPID US63-5058487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

775 Fairmount Ave Jamestown, NY 14701
Jamestown metro Census 37200 JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2013
1 recorded transaction
2013
$1,600

Zoning & alternative use

05 - COMMERCIAL · Jamestown, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message