Just Listed | 4th & Pine Professional Centre | Mixed-Use Retail / Professional Tenant Mix, Fully Renovated BLDG

9 - 25 East 4th Street Jamestown, NY 14701

9 - 25 East 4th Street, Jamestown, NY, 14701
Subject
9 - 25 East 4th Street, Jamestown, NY, 14701 9 - 25 East 4th Street, Jamestown, NY, 14701
FOR SALE NNN Property
Property Type:
Mixed Use
Amount:
$1,542,150
Cap Rate:
8.04%
Last Verified:
Jun 13, 2022
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Description

The Subject property is located on the NW corner of East 4th Street & Pine street in the heart of the Central Business District of the City of Jamestown NY. The City of Jamestown NY is situated just east of Cleveland, OH and approximately 71-miles southwest of Buffalo, NY. The two-story, 17,420±SF building, originally constructed in 1920, has been fully renovated with capital improvements since 2019 totaling over $193K± and includes new HVAC units, the addition of a new retention wall at the back of the building, several office units on the second floor, and a brand-new 50-year roof. The property features a rent roll reflective of both professional and destination-based retail/health-services tenants with upside in leasing up the remaining 1,800± square feet.
*New York BoR: Balkan Realty License # 109915804

Highlights

  • Beautifully Renovated - $193K in Recent Capital Improvements - Including New 50-Yr Roof w/ Transferable Warranty, HVAC Units, and New Retention Wall
  • Centrally Located in Business District - Close Proximity Northwest Arena, National Comedy Center and Lucille Ball Little Theatre among other Traffic Generators
  • Desirable Rent Roll with Mix of Destination-Based & Professional Services / Retail Tenants
  • Upside in Leasing Remaining 1,800±SF of Vacancy - Interested Parties Actively Touring
  • Immediate Area Experiencing Significant Boom in Growth & Development - Several New Establishments within 1-M Radius of Subject

  • Additional URLs

    Map of 9 - 25 East 4th Street, Jamestown, NY, 14701

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