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Property profile & analytics
FOR SALE
Commercial land

775 Fairmount Ave Jamestown, NY 14701

0.05 ac lot
Entity Owned 13-yr Hold Free & Clear
Property ID
US63-5058487
775 Fairmount Ave, Jamestown, NY 14701 For Sale
$1,300,000
775 Fairmount Ave, Jamestown, NY 14701
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Paige Development Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Corporation James V Paige JR Develo · 13 yrs held
Corporation James V Paige JR Develo
since 2013
1 recorded transaction
2013
$1,600
Zoning & alternative use
05 - COMMERCIAL · Jamestown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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