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Observer, 10 East Second Street, Dunkirk, NY

Observer
10 East Second Street, Dunkirk, NY
Dunkirk, NY 14048
Kristine Morabito
Business Development Manager
CCIDA
+1 716-499-1902
morabitk@co.chautauqua.ny.us
Within City Limits?:
No
Property Type:
Building
Property Description:
27,648 SF one story steel frame/block building with full basement built in 1978. Office, warehouse and former newspaper printing facility. Central air conditioning and heat. Two 8'X10' overhead doors. Three restrooms (2 ladies/1 men). Elevator shaft/no elevator. Sprinkled throughout. Unfinished, heated, clean basement.
Tax Incentives:
Uniform Tax Exemption Policy (UTEP) • Abatements and exemptions from sales, use and mortgage recording taxes. The abatement applies to value added by construction or renovation for industrial, commercial and tourism related projects that have a significant impact to Chautauqua County. • Payment in Lieu of Tax (PILOT) Agreement. Real property tax abated for manufacturing, commercial, adaptive reuse and tourism projects.
Financial Incentives:
AL Tech Revolving Loan Fund • Below market, fixed interest rate – currently 4%, subordinated loans for fixed asset or working capital needs. Economic Development project financing for companies investing in Chautauqua County. Chautauqua Revolving Loan Fund (CRLF) • Below market, fixed interest rate – currently 4%, subordinated loans for private projects that create or retain jobs. The purpose of the CRLF is to foster and maintain economic growth in Chautauqua, Cattaraugus and Allegany Counties. Bonds 1. CCIDA has the ability to issue tax-free or taxable revenue bonds. The interest rate is market driven (based on credit of project and/or project beneficiary and/or bond guarantor) and is often set at closing. A. Tax Exempt Revenue Bonds (NYS, NY and Federal tax free interest) • Manufacturing bonds for land, building acquisition / renovation / construction, new machinery and equipment. (see Internal Revenue Code Section 144) • Exempt facility bonds, such as low income housing, water sewer, solid waste disposal, etc. (see Internal Revenue Code Section 144) • Governmental bonds, such as payment in lieu of tax increment bonds (see Internal Revenue Code Section 141) B. Taxable Revenue Bonds (NYS and NYC tax free interest) • For any project authorized by Article 18-A of the NY General Municipal Law. Public economic benefit and job creation.
Sale Information
Purchase Price
$0.00
Opportunity to expand on property
Could facilitate a 14,000 - 17,000 SF expansion.
Lease Information
Lease Terms
Fixed
Lease Plan
Other
Lease Price (Per Sq Ft)
$0.00
Opportunity to expand on property
Site Information
Current Ownership
Ogden Newspapers
Total Acreage
1.20
zoning
Commercial
Current Usage
Vacant
Former Usage
Newspaper publishing
Parking Surface
Asphalt
Parking Capacity
25
landscaping
Yes
Special features and additional background information information
Site is large enough for 14,000 SF - 17,000 SF expansion. Downtown Dunkirk location.
Building Information
Building Type
  • Manufacturing
Square Footage
27,648
Year Built
1978
Type of Construction
Steel/block
Multi-Story
No
Multi-Tenant
No
Ceiling Minumum (measured at eaves)
14.00 feet
Ceiling Maximum (measured at center)
17.00 feet
Utilities Information
Electricity Provider for Property
National Grid
Phase(s) Available
  • Three
Gas Provider
National Fuel Gas
water provider
City of Dunkirk
sewage provider
City of Dunkirk
Broadband Provider
DFT Communications
Transportation Information

Interstates / Parkways

Name Distance
I-90 2 miles

Airports

Name Distance Classification
Erie (PA) International 58 miles Major
Buffalo Niagara International 50 miles Major
Chautauqua County - Dunkirk 5.50 miles Regional

Rails

Served Distance Classification(s) Services
No 1 miles I CSX Freight; Norfolk-Western Freight