Value-Add Multi-Tenant Investment
4th & Pine Professional Building | 10.00% Cap Rate
Marketing description
We are pleased to present the opportunity to acquire the 4th & Pine Professional Building, a value-add multi-tenant investment opportunity located at 9–25 East 4th Street in downtown Jamestown, New York. Offered at a high-yield 10.0% capitalization rate, the property provides investors with stable in-place cash flow generated by a diversified roster of professional, medical, legal, wellness, and service-oriented tenants, while also offering meaningful upside through the lease-up of two remaining vacant suites and future rental growth opportunities.
The property consists of approximately 13,942 square feet and is occupied by nine tenants representing a broad mix of professional service providers, healthcare practitioners, legal firms, staffing services, real estate professionals, and wellness-oriented businesses. This diversified tenancy reduces reliance on any single occupant and creates a durable income stream supported by multiple revenue sources. Several tenants have recently extended their lease commitments, reinforcing occupancy stability and demonstrating continued confidence in the location.
The offering also benefits from significant recent capital improvements. Ownership has invested approximately $193,000 into the property, including a new 50-year roof, HVAC upgrades, and site infrastructure improvements, reducing near-term capital expenditure requirements for future ownership and enhancing the property's long-term durability.
Strategically positioned in the heart of downtown Jamestown's central business district, the property benefits from excellent visibility, walkability, and proximity to government offices, financial institutions, healthcare providers, restaurants, entertainment venues, and professional offices. The surrounding downtown district serves as the commercial and professional center of Chautauqua County, attracting consistent daily activity from residents, employees, and visitors throughout the region.
Jamestown is the largest city in Chautauqua County and serves as the primary commercial, healthcare, professional services, and employment center for Southwestern New York. Located directly along Interstate 86, the city benefits from regional connectivity between Buffalo, Erie, Cleveland, Rochester, and broader Northeast and Midwest markets. The area's economy is supported by healthcare, manufacturing, education, tourism, retail trade, and professional services, creating a diverse foundation for long-term economic stability.
The offering presents investors with the opportunity to acquire a well-located, income-producing asset with strong in-place occupancy, recent leasing momentum, substantial recent capital improvements, and multiple avenues for future NOI growth. Combining attractive current yield, diversified tenancy, value-add leasing opportunities, and a strategic downtown location within the region's primary commercial center, the 4th & Pine Professional Building represents a compelling investment opportunity in Western New York.
Exclusively Listed in association with Dan Zelson | License No. 10491213490
Investment highlights
- High-Yield 10.0% Cap Rate – Attractive going-in yield providing strong current cash flow and favorable risk-adjusted returns
- Diversified Multi-Tenant Rent Roll – Income generated by nine tenants across legal, healthcare, wellness, staffing, real estate, and professional service industries, reducing reliance on any single occupant
- Recent Tenant Extensions Provide Stability – Multiple tenants have recently renewed or extended lease commitments, demonstrating confidence in the property and securing near-term cash flow
- Value-Add Income Growth Opportunity – Investors have the ability to increase cash flow through the lease-up of two vacant suites totaling approximately 1,062 square feet, providing immediate upside potential beyond in-place income
- Mark-to-Market Rental Growth Potential – Existing leases provide opportunities for future rental rate growth as leases renew and market conditions evolve, creating a pathway for increased revenue and asset appreciation
- Opportunity to Increase Expense Recoveries – Future lease negotiations provide the potential to transition modified gross lease structures toward more landlord-favorable expense reimbursement models, enhancing net operating income and long-term value
- Significant Recent Capital Improvements – Ownership has invested approximately $193,000 in recent upgrades, including a new 50-year roof, HVAC improvements, and site infrastructure enhancements, reducing near-term capital expenditure requirements
- Diversified Tenant Base with Limited Tenant Concentration – Multiple tenants contribute to the property’s income stream, reducing exposure to any single occupant and supporting long-term revenue stability
- Prime Downtown Business District Location – Situated within Jamestown’s central business district and surrounded by government offices, financial institutions, healthcare providers, restaurants, and professional service firms that support consistent daily activity
- Strategic Interstate Access – Located just minutes from Interstate 86, providing regional connectivity throughout Western New York, Northwestern Pennsylvania, and the broader Northeast corridor
- Regional Economic Hub – Jamestown serves as the primary business, healthcare, professional services, and employment center for Chautauqua County and the surrounding Southern Tier region
- Professional & Service-Oriented Tenant Mix – Tenant roster includes law firms, counseling services, staffing providers, real estate professionals, wellness operators, charitable organizations, and salon services that benefit from established customer relationships and recurring local demand
- Attractive Basis Relative to Replacement Cost – Opportunity to acquire a well-located downtown commercial asset at a basis substantially below the cost of developing a comparable property in today’s construction environment
- Walkable Urban Environment – Surrounded by restaurants, retail establishments, entertainment venues, public services, and professional offices that support tenant operations and daily consumer activity
- Stable Regional Economic Drivers – Local economy supported by healthcare, manufacturing, education, tourism, professional services, and government employment
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