The Subject Property is located in the heart of the shopping district for Jamestown, NY. The City of Jamestown is situated east of Cleveland, OH and south of Buffalo, NY and within Chautauqua County. The 7,000±SF Property is fully occupied with a seasoned rent roll of both retail and professional tenants. The asset is located less than one-mile from the local Super Walmart and the region’s primary shopping mall, the 435,415±SF Chautauqua Mall. Additionally, the Property is near to the local college, the Lucile Ball and Desi Arnaz Museum, downtown area, and hospitals. The asset enjoys strong visibility on the major retail corridor of Fairmount Avenue (State Route 394) and also benefits from local bus routes. The Property has enjoyed a high occupancy rate since construction, and exposure to some of the highest traffic counts the city has to offer (25,000±). *New York BoR: Balkan Realty License # 109915804
Highlights
Strong Historical Occupancy – Desirable Mix of Medical & Destination-Based Tenants
Centrally Located within Major Retail Corridor – Less than One-Mile from Regional Shopping Mall & Super Walmart
Exposure to Over 25K± Vehicles per Day on SR 394 (Fairmount Avenue)
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
