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21-41 S Main St
Jamestown, NY 14701
Brooklyn Square · Retail Property For Sale
EXECUTIVE SUMMARY
The property is anchored by Family Dollar, which has operated at the center for approximately 25 years. The tenant currently pays below-market rent on a per-square-foot basis, which has contributed to its long-term occupancy at the location. The plaza also includes a freestanding Community Bank outparcel, operating under a NNN ground lease with limited landlord responsibilities. Brooklyn Square Plaza is located at the signalized intersection of North Main Street and Harrison Street, with reported traffic counts of approximately 9,700 vehicles per day on North Main Street and 10,300 vehicles per day on Harrison Street. The site is served by three points of ingress and egress, allowing for convenient access to the property. Offered at a 4.33% cap on current in-place NOI with substantial upside through lease-up of vacant space, resulting in a projected 8.0% stabilized return.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,082 SF
Building Class
B
Year Built
2007
Price
$2,995,000
Price Per SF
$71.17
Cap Rate
4.33%
NOI
$129,610
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
4.75 AC
Opportunity Zone
Yes
Zoning
C-4 - Central Commercial District
Parking
127 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
760’ on South Main Street
AMENITIES
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Storage Space
PROPERTY TAXES
| Parcel Number | 060800-387-049-0001-022-000 | Improvements Assessment | $1,881,200 |
| Land Assessment | $318,800 | Total Assessment | $2,200,000 |
PROPERTY TAXES
Parcel Number
060800-387-049-0001-022-000
Land Assessment
$318,800
Improvements Assessment
$1,881,200
Total Assessment
$2,200,000
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