Listed by Hanna Commercial Real Estate Buffalo
$495,000
201-205 Cherry Street
Details
APN 060800-387-040-0003-051-000
Property Type Retail, Multifamily
Sub Type Storefront, Traditional Office
Square Footage 45,000
Cap Rate 8.50%
Price per SqFt $11
Class C
Year Built 1902
Buildings 1
Stories 3
Acreage 0.350
Zoning Commercial
Retail | 8.50% CAP | 45,000 SqFt
Investment 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
- 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
Listing Contacts
Listed by Hanna Commercial Real Estate Buffalo
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