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Brooklyn Square 21-41 S Main St 42,082 SF 21% Leased Retail Building Jamestown, NY 14701 $2,995,000 ($71.17/SF) 4.33% Cap Rate

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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.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $129,610 $3.41

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $129,610
Annual Per SF $3.41

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
21%
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

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • -

Community Bank, N.A. is the federally chartered banking subsidiary of Community Financial System, Inc. (NYSE:?CBU), founded in 1866. Headquartered in DeWitt (Syracuse), New York, it operates approximately 200 customer-facing offices across Upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts. The bank offers a full suite of personal and commercial banking services including deposit accounts, mortgage lending, business loans, wealth management, and trust administration. It manages assets exceeding $16?billion and deploys a community-centric approach, consistently ranking on Forbes and Newsweek lists for banking performance and trustworthiness. In 2025, it completed the acquisition of seven Santander branches in Allentown, PA, expanding its regional footprint. As a national bank, it operates under OCC regulation, is FDIC insured, and is publicly traded under the ticker CBU.

  • Retailer
  • -
  • -
  • -

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance - - -
Retailer - - -
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Northwest Bank
Ymca
Tim Hortons
KeyBank
Rent-a-center
Tops Friendly Markets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
060800-387-049-0001-022-000
Land Assessment
$318,800
Improvements Assessment
$1,881,200
Total Assessment
$2,200,000
  • Listing ID: 38925298

  • Date on Market: 12/30/2025

  • Last Updated:

  • Address: 21-41 S Main St, Jamestown, NY 14701

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