2023 Sees 29 Real Estate Sales Top $1M, Including 11 Private Homes – Jamestown Post Journal

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WavePoint Realty’s purchase of the former Carriage House plant in Fredonia was the highest recorded sale in Chautauqua County in 2023. The former plant sold for $6 million.

In 2023, Chautauqua County saw 29 real estate sales of $1 million or higher, with more than a third of them for single family homes.

The Post-Journal and OBSERVER have been analyzing real estate sales in Chautauqua County. Of the 29 sales that were seven figures last year, 16 were businesses, 11 were residences, and two were sales that included multiple addresses in a single transaction.

By towns, Busti and Chautauqua both had the most with six each. All of Busti’s six sales were in the village of Lakewood, while four of Chautauqua town’s sales were on the Institution grounds. Ellery had four sales, with one of them in the village of Bemus Point. Ellicott and Pomfret had three sales each, with two of Pomfret’s sales in the village of Fredonia. The town of Dunkirk and the city of Dunkirk had two sales each. The city of Jamestown and the towns of Gerry and North Harmony each had one seven-figure sale.

BUSINESS/INDUSTRY

For the 16 businesses that were $1 million or higher, there were four sales in the town of Busti (all in the village of Lakewood), three sales in the town of Ellicott, two sales in the town of Dunkirk, two sales in the city of Dunkirk, two sales in the town of Pomfret (one of which was in the village of Fredonia), one sale in the town of Chautauqua, and one sale in the city of Jamestown.

The Gerry Dollar General was one of two new businesses that were sold in 2023 that topped $1 million.

The biggest sale was the former ConAgra Plant in Fredonia, which was sold for $6 million. It was purchased by Wavepoint Realty and is being used for warehousing. There were six other warehouse and/or manufacturing plant sales. They occurred in the city of Dunkirk (former Allegany-Erie, Inc. and former Kraft/Conagra Warehouse now used by Refresco), village of Lakewood (former Premiere Lakewood, Inc.) and two in the town of Ellicott (Dawson Metals Finishing Services and Water Street manufacturing and warehouse facility).

For existing businesses that changed ownership, sales included the Wealth Management Center building in Lakewood, Jamestown Veterinary Hospital, Lakewood Post Office, Taco Bell in Lakewood, Jamestown Auto Center in Ellicott, Shults Resale Center in town of Dunkirk, and WellNow Urgent Care in the town of Dunkirk.

There was one business sale where the property remained vacant. That’s the former Chautauqua Point Golf Course, which has been closed for the last two seasons. It was purchased in 2023 for $2.2 million after being sold in 2022 for $1.01 million. The new owners have also purchased properties neighboring the former golf course.

The remaining two sales are new businesses – Dollar General in Gerry, which was sold the day it opened, and Range Ranch in the town of Pomfret. The mission of Range Ranch is to serve veterans of the military in a variety of ways, including creating a therapeutic environment to connect veterans with animals to assist with Post-Traumatic Stress Disorder and other trauma-related issues. They aim to sell quality beef, eggs, and dairy. They also sell T-shirts, jackets, stickers and more.

The full list of business sales is as follows:

– Former ConAgra plant, East Main, Clinton, and Newton streets, Fredonia, sold for $6 million.

– Former Allegany-Erie, Inc. warehouse/distribution center, 211 West Point Ave., Dunkirk, sold for $2.4 million.

– Former Chautauqua Point Golf Course, East Lake Road, Chautauqua town, sold for $2.2 million.

– WellNow Urgent Care building, 3916 Vineyard Drive, Dunkirk town, sold for $2,105,072.

– Water Street manufacturing and warehouse facility, 2155-2171 Allen St., Ellicott sold for $2.1 million.

– Dollar General, 4041 Rt. 60, Gerry sold for $1,841,784.

– Lakewood Post Office building, 2 Fairmount Ave., Lakewood, sold for $1,525,000.

– Shults Resale Center, 3979 Vineyard Drive, Dunkirk town, sold for $1.5 million.

– Former Premier Lakewood Inc., 201 Winchester Road, Lakewood, sold for $1.4 million.

– Former Kraft/ConAgra warehouse, 20-30 Talcott St., Dunkirk sold, for $1.4 million.

– Wealth Management Center building, 110 Mall Blvd., Lakewood sold for $1.4 million.

– Jamestown Veterinary Hospital building, 236 Fluvanna Ave., Jamestown, sold for $1,301,197.

– Taco Bell, 318 Fairmount Ave., Lakewood, sold for $1.2 million.

– Dawson Metals Finishing Services building, 1853 Delaware Ave., Ellicott sold for $1.1 million.

– Jamestown Auto Center, 1024 Fairmount Avenue, Ellicott, $1.05 million

– Range Ranch, 9055 Fredonia-Stockton Road, Pomfret, sold for $1.04 million.

There were also two single real estate transactions that included multiple addresses. In Fredonia, two college houses were sold for $1 million combined, while in Ellery, there was a single transaction for three different addresses in the town, which totaled $1,099,000. At least one of those was for a business, as it included 3979 Rt. 430, which is the address of Shore Acres Boat Yard.

RESIDENCES

For the 11 residences that were $1 million or higher, five were in the town of Chautauqua (four which were in the Institution), two in the town of Busti (both in the village of Lakewood), two in the town of Ellery (one in the village of Bemus Point), and one in the town of North Harmony.

Four of the 11 sales were actually higher than $2 million.

The full list of residential sales higher than $1 million in 2023 is as follows:

– 5503 Broadway Road, Ellery sold for $2.4 million.

– 84 North Lake Drive, Chautauqua Institution, sold for $2.4 million.

– 59 E. Terrace Ave., Lakewood sold for $2,295,000.

– 194 Lakeside Drive, Bemus Point, sold for $2.12 million.

– 4365 Lakeside Drive, Ellery, sold for $1.85 million.

– 15 Emerson Ave., Chautauqua Institution, sold for $1,775,000.

– 43 N. Lake Drive, Chautauqua Institution, sold for $1.6 million.

– 11 Root Ave., Chautauqua Institution, sold for $1,292,000.

– 125 East Terrace Ave., Lakewood, sold for $1,265,000.

– 3166 Chautauqua Ave., North Harmony sold for $1,175,000.

– Lot 17, Chautauqua Shores, 4461 Canterbury Drive, Chautauqua town sold for $1,085,000.

By comparison, there were only two residential sales of $1 million or higher in 2022.

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