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Chadakoin Park Building 154 Fairmount Ave 32,276 SF Vacant Industrial Building Jamestown, NY 14701 $2,768,435 CAD ($85.77 CAD/SF) 5.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime traffic
- Open layout
- Tenant occupied
EXECUTIVE SUMMARY
154 Fairmount Avenue in Jamestown, NY, presents a prime investment opportunity. This industrial property spans approximately 32,000 square feet and is currently occupied by four tenants, offering immediate rental income potential. Situated at the corner of Fairmount and Jones & Gifford Avenues, the building is directly across from the revitalized Chadakoin Park and Boat Launch, providing scenic views and recreational opportunities. Constructed in 1950, the structure features a clear ceiling height of 12 feet, one loading dock, one drive-in door, and six parking spaces. The property underwent significant upgrades in 2015, including a new roof, siding, and interior enhancements. Equipped with gas, water, sewer, and heating utilities, the building also offers 24-hour access, air conditioning, a security system, and storage space. The property is zoned for industrial use, making it suitable for manufacturing, distribution, or contractor operations. With its strategic location, modern amenities, and existing tenant occupancy, 154 Fairmount Avenue is well-positioned for investors seeking a stable income-generating asset in Jamestown's industrial sector.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$189,871
|
$5.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,871
|
$5.88
|
| Taxes |
$7,156
|
$0.22
|
| Operating Expenses |
$5,540
|
$0.17
|
| Total Expenses |
$12,695
|
$0.39
|
| Net Operating Income |
$177,176
|
$5.49
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $189,871 |
| Annual Per SF | $5.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $189,871 |
| Annual Per SF | $5.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,156 |
| Annual Per SF | $0.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,540 |
| Annual Per SF | $0.17 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,695 |
| Annual Per SF | $0.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $177,176 |
| Annual Per SF | $5.49 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Front Loading
- Security System
- Yard
- Storage Space
- Air Conditioning
- Smoke Detector
UTILITIES
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 060800-387-005-0002-030-000 | Total Assessment | $139,851 CAD |
| Land Assessment | $18,740 CAD | Annual Taxes | $7,156 CAD ($0.22 CAD/SF) |
| Improvements Assessment | $121,111 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
060800-387-005-0002-030-000
Land Assessment
$18,740 CAD
Improvements Assessment
$121,111 CAD
Total Assessment
$139,851 CAD
Annual Taxes
$7,156 CAD ($0.22 CAD/SF)
Tax Year
2024
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Chadakoin Park Building | 154 Fairmount Ave
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