514 W State ST, Olean, NY 14760
$159,900
Est. payment /mo
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9,180 SqFt
Active

514 W State ST Olean, NY 14760

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,180 sqft

Price per Sqft $17

MLS Listing ID B1659799

Construction Status Existing

HOA Y/N No

Year Built 1910

Annual Tax Amount $5,613

Lot Size 6,847 Sqft

Acres 0.1572

Lot Dimensions 42X163

Property Sub-Type Mixed Use

Property Description

Great investment opportunity on highly visible West State Street! This mixed-use commercial/residential property offers 6 total units and approximately 6,100 sq ft of income-producing space. The building features two street-level commercial storefronts (one currently occupied) and four fully rented upper-level apartments totaling 3,060 sq ft, including one 2-bed/1-bath and three 1-bed/1-bath units. Updates include a new roof (2022) and some newer windows. Great opportunity for an owner-operator looking to run a business while generating rental income, or for investors seeking a solid commercial asset in a prime location.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Zoning COM-1

Rooms

Basement Full

Interior

Heating Gas, Zoned

Cooling Zoned

Inclusions Building Only

Fireplace No

Exterior

Utilities Available Sewer Available, Water Connected

Roof Type Flat

Total Parking Spaces 4

Building

Lot Description Irregular Lot

Story 2

Water Public

Level or Stories Two

Construction Status Existing

Schools

School District Olean

Others

Tax ID 041200-094-064-0009-013-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by ERA Team VP Real Estate 716-560-8624

NEARBY SCHOOL & BUSINESS

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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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