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Investment Opportunity in the Heart of Downtown Fredonia! Own a piece of Fredonia's vibrant business district with this unique mixed-use investment property located at 38, 40 & 42 W. Main Street. Comprising three centrally located commercial/residential buildings, this property offers a total of 7 income-producing units with a potential gross annual income of $70,000! The property features 4 first-floor commercial spaces, two of which are occupied by established, long-term tenants, providing a foundation of consistent rental income. The upper levels offer 3 spacious residential apartments, including two 2-bedroom units and one 3-bedroom unit. All three apartments have been renovated in 2025/2026, offering updated living spaces and added appeal for prospective tenants. Separate utilities provide convenience and simplify property management. Recent capital improvements include a new lower rear roof in 2026, new sump pumps in 2026, and a new hot water tank in 2026, complementing the extensive residential renovations. Situated in the heart of the Village of Fredonia's central business district, this highly visible Main Street location benefits from steady vehicle and pedestrian traffic, convenient access to local shops, restaurants, and businesses, and ample street and municipal parking for tenants and customers. With established commercial tenants, recently renovated residential units, significant property improvements, and additional income opportunities, this versatile property presents an attractive option for investors or owner-occupants seeking a foothold in Fredonia's downtown commercial district. Seven units. Three buildings. One exceptional investment opportunity. Schedule your private showing today!
| DAYS ON MARKET | 1 | LAST UPDATED | 11/14/2026 |
|---|---|---|---|
| YEAR BUILT | 1909 | COMMUNITY | Fredonia-Village-065801 |
| COUNTY | Chautauqua | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Water Heater |
| AREA | Fredonia-Village-065801 |
| BASEMENT | Full, Sump Pump, Walk-Out Access, Yes |
| CONSTRUCTION | Block, Brick, Concrete, Vinyl Siding |
| HEAT | Baseboard, Forced Air, Natural Gas |
| HOA DUES | Other |
| INTERIOR | Ceiling Fan(s), Storage |
| LOT | 2187 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 18X122 |
| PARKING | Driveway, No Garage |
| STORIES | 2 |
| TAXES | 14563 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Abigail Skellie, Midtown Realty, 716-467-3057
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2026.
