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    1316-1322 W State St Olean, NY 14760

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    For Sale
    $1,488,100

    NNN retail property with corporate guaranty in Olean, NY.

    Property size:
    11,440 SF
    Lot size:
    0.68 Acres

    Property Features for 1316-1322 W State St

    General Information

    Size
    11,440 SF
    Lot size
    0.68 Acres

    Source: Donovan Real Estate Services Agent Brian P Donovan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Olean Retail Property For Sale

    This retail property features a 10-year initial lease term, with two 5-year options that include 10% rent increases. The tenant is responsible for utilities, taxes, and maintenance of the premises, resulting in no landlord responsibilities. The lease is backed by a corporate guaranty. The property size is 11440 square feet and is located in Olean, NY.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4044569
    Latitude
    42.0730451

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    FAQs

    What type of property is this?
    Retail space - NNN retail property with corporate guaranty in Olean, NY.
    Where is this retail space located?
    The property is located at 1316-1322 W State St Olean, NY.
    What is the asking price?
    The asking price for this property is $1,488,100.
    What are key features of this property?
    This property features: - No landlord responsibilities; - Tenant pays utilities, taxes, and maintains all aspects of the premises; - Corporate guaranty on lease
    (716) 998-2943
    Request Owner's contact information
    1316-1322 W State St Olean, NY 14760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1316-1322 W State St Olean, NY 14760
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