Olean, NY 14760,103 S Barry ST
Olean, NY 14760,103 S Barry ST
Olean, NY 14760,103 S Barry ST
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$339,900
Est. payment /mo
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8,314 SqFt
Active

103 S Barry ST Olean, NY 14760

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,314 sqft

Price per Sqft $40

MLS Listing ID R1643516

Construction Status Existing

HOA Y/N No

Year Built 1880

Annual Tax Amount $4,658

Lot Size 7,174 Sqft

Acres 0.1647

Lot Dimensions 80X89

Property Description

Turn-key investment on Olean's well-traveled E State Street offering visibility, access, and reliable cash flow. This four-story freestanding building features recently renovated professional office space with maintained mechanicals and a long-term tenant in place: a reputable law firm occupying two stories for over twelve years, currently leased through 2030 at $4,300/month. The property is performing at nearly an 11.5% cap rate (per seller) and includes approximately four on-site parking spaces; a neighboring parcel with roughly eight additional spaces is also available, but not included in the list price. A former medical clinic is directly connected to the building, creating excellent redevelopment potential and a variety of use paths under flexible zoning—ideal for professional offices, medical practices, banks and financial institutions, or even a future multi-family conversion, all surrounded by restaurants, gas stations, big-box and local retailers, banks, and other amenities. Strong numbers, high-visibility location, and multiple exit strategies make this a compelling addition to any portfolio. Rent roll and financials available upon request.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Zoning COM 1

Direction On the corner of Route 417 and S Barry Street

Rooms

Basement Full

Interior

Heating Gas, Forced Air, Hot Water

Inclusions Land and Building, Land, Building and Business

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Asphalt

Total Parking Spaces 4

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Construction Status Existing

Schools

Elementary Schools East View Elementary

Middle Schools Olean Middle

High Schools Olean Senior High

School District Olean

Others

Tax ID 041200-094-065-0007-018-001-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna Professionals - Olean 716-378-7039

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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