Medical Office & Professional Plaza
$1,299,999
775-785 Fairmount Avenue, Jamestown, NY 14701
9.61
Cap Rate
124,883
NOI
Details:
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
- Fully Occupied Building with Seasoned Tenants
- Exposure to Over 25K± Vehicles per Day on SR 394 (Fairmount Avenue)
- Upside in Below-Market Rents
Description:
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±).
Documents:
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775_Fairmount_Flyer.pdf
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Location
Gallery
