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816 Foote Ave 3,311 SF 100% Leased Retail Building Jamestown, NY 14701 $399,000 ($120.51/SF)
Investment Highlights
- Corner-site offering with separate commercial and residential buildings.
- Approximately 30 off-street parking spaces support customer and employee access.
- Two individual street addresses offer operational and ownership flexibility.
- Former restaurant layout includes select existing equipment.
- Eight-bedroom residence provides potential residential income opportunities.
- Opportunity to re-establish a restaurant, reposition the commercial space, or pursue redevelopment plans subject to approvals.
Executive Summary
UNIQUE COMMERCIAL & INVESTMENT OPPORTUNITY ON A CORNER SITE! Offered together are the former Asian restaurant at 816 Foote Avenue and a separate 8-bedroom single-family residence at 125 Brad Street in Jamestown, NY. The two buildings are separated by a walkway and have individual street addresses, adding flexibility to this distinctive property offering.
The Foote Avenue property features an established restaurant layout with some existing restaurant equipment included, offering a head start for a new restaurant, take-out, catering, or other commercial concept. A major asset is the approximately 30-car off-street parking lot, providing substantial parking for customers and employees.
The 8-bedroom residence at 125 Brad Street adds another dimension to the offering, with potential for residential rental income, owner or employee housing, or other permitted uses.
With two separate buildings, two street addresses, substantial off-street parking, an existing restaurant facility, and a large residential component, this property presents an unusual opportunity for an owner/operator or investor. Re-establish the restaurant operation, reposition the commercial space, generate residential rental income, or explore additional possibilities for this versatile corner property.
Uses and redevelopment opportunities subject to applicable zoning and municipal approvals.
The Foote Avenue property features an established restaurant layout with some existing restaurant equipment included, offering a head start for a new restaurant, take-out, catering, or other commercial concept. A major asset is the approximately 30-car off-street parking lot, providing substantial parking for customers and employees.
The 8-bedroom residence at 125 Brad Street adds another dimension to the offering, with potential for residential rental income, owner or employee housing, or other permitted uses.
With two separate buildings, two street addresses, substantial off-street parking, an existing restaurant facility, and a large residential component, this property presents an unusual opportunity for an owner/operator or investor. Re-establish the restaurant operation, reposition the commercial space, generate residential rental income, or explore additional possibilities for this versatile corner property.
Uses and redevelopment opportunities subject to applicable zoning and municipal approvals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,311 SF
Building Class
C
Year Built
1950
Price
$399,000
Price Per SF
$120.51
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Zoning
Commercial - Commercial
Amenities
- Restaurant
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $202,400 | |
| Land Assessment | $27,700 | Total Assessment | $230,100 |
Property Taxes
Parcel Numbers
Land Assessment
$27,700
Improvements Assessment
$202,400
Total Assessment
$230,100
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816 Foote Ave