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2947 Strunk Rd 4,800 SF Industrial Building Jamestown, NY 14701 $379,900 ($79.15/SF)
Investment Highlights
- • Fully leased commercial property with an established tenant in place.
- • Four dock doors provide efficient loading and distribution capabilities.
- • Lease includes a 5-year renewal option for continued occupancy potential.
- • Warehouse and dedicated storage areas support industrial operations.
- • Located just off Interstate 86 with convenient regional access.
- • Built-in 5% rent increase at the option period supports income growth.
Executive Summary
Excellent investment opportunity featuring a fully leased commercial property with an established tenant already in place. The property includes a 4,800 square foot warehouse along with an additional 560 square feet of storage space, offering a functional layout for industrial or distribution use. Four dock doors provide efficient loading and unloading capabilities for commercial operations. Conveniently located just off Interstate 86, with an average daily traffic count of approximately 12,100 vehicles, the property offers excellent accessibility for transportation and logistics. The current lease has one 5-year renewal option and a 5% rental increase at the beginning of the option period, providing built-in income growth potential. This is an excellent opportunity for investors seeking a stable, income-producing commercial asset in a highly accessible location.
Property Facts
| Price | $379,900 | No. Stories | 1 |
| Price Per SF | $79.15 | Year Built | 1988 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.92/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 2.05 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 4,800 SF | ||
| Zoning | General Commercial - Commercial | ||
| Price | $379,900 |
| Price Per SF | $79.15 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.05 AC |
| Rentable Building Area | 4,800 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 2.92/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 3 |
| Opportunity Zone |
Yes |
| Zoning | General Commercial - Commercial |
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Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 063889-369-007-0001-011-000 | Improvements Assessment | $180,300 |
| Land Assessment | $39,700 | Total Assessment | $220,000 |
Property Taxes
Parcel Number
063889-369-007-0001-011-000
Land Assessment
$39,700
Improvements Assessment
$180,300
Total Assessment
$220,000
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2947 Strunk Rd