201-205 Cherry St - Storefront FOR SALE


Jamestown, NY 14701
$495,000 USD
716-880-4815
201-205 Cherry St, Jamestown, NY for Sale
$495,000 USD
Storefront - FOR SALE
1/10
null | 8.5% Cap Rate

201-205 Cherry St
Jamestown, NY 14701


HIGHLIGHTS

  • 45,000 SF Investment & Redevelopment Opportunity
  • Outstanding adaptive reuse potential- multifamily, mixed use, retail, office
  • Circa 1903, listed on Jamestown Downtown Historic District and eligible for Historic Tax Credits
  • Steps from the internationally acclaimed National Comedy Center, Lucille Ball Desi Arnaz Museum, and Northwest Arena
  • Extensive architectural features include rare American Chestnut woodwork and unique central courtyard
  • Seller desires a quick close — buyer can hold property as a profitable investment while redevelopment funding is secured

OVERVIEW

45,000 SF Investment & Redevelopment Opportunity. Outstanding adaptive reuse potential- multifamily, mixed use, retail, office. Circa 1903, listed on Jamestown Downtown Historic District and eligible for Historic Tax Credits. Steps from the internationally acclaimed National Comedy Center, Lucille Ball Desi Arnaz Museum, and Northwest Arena. Extensive architectural features include rare American Chestnut woodwork and unique central courtyard. Fully sprinklered. May qualify for city, county and state incentives. Currently twelve tenants in place, most are month-to-month. Seller desires a quick close — buyer can hold property as a profitable investment while redevelopment funding is secured.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Commercial

APN/PARCEL ID

060800-387-040-0003-051-000

ASK ABOUT THIS PROPERTY

Paula BlanchardHanna Commercial Real EstateMore Info
716-880-4815

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Paula BlanchardHanna Commercial Real EstateMore Info
716-880-4815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.