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    3004 W State St Olean, NY 14760

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    For Sale
    $1,399,500

    2,696 SF commercial building in Olean, NY for sale.

    Property size:
    2,696 SF
    Lot size:
    0.79 Acres

    Property Features for 3004 W State St

    General Information

    Size
    2,696 SF
    Lot size
    0.79 Acres

    Source: Century 21 - Turner Brokers | Lakewood Agent Madeline Shults

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

    Overview

    Olean Commercial Property For Sale

    Located in Olean, NY, this commercial property is available for sale. The 2,696 square-foot building, constructed in 1997, is currently used as an auto dealership. The property features dual road frontage, providing visibility and accessibility from Independence Drive and NYS Route 417. The location is near retail, dining, and other commercial centers. The lot offers ample parking and outdoor space, with potential for growth, additional service areas, or future expansions. The building's layout is suited for a showroom, office spaces, and service areas, making it attractive for an auto dealership, retail business, or other commercial operations. The location benefits from high traffic, with over 16,000 vehicles passing by daily. Zoned for commercial use, the property can accommodate various business ventures.
    Location Intelligence

    Current Use by Public Records

    Shults Resale Center ... Car Dealer

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Similar Places Nearby

    BJ's Wholesale Club, Walmart Auto Care Centers, Terry's Automotive, Shults Express Lube & Tire, Mastercraft Tires

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4630489
    Latitude
    42.0773403

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    FAQs

    What type of property is this?
    Auto shop - 2,696 SF commercial building in Olean, NY for sale.
    Where is this auto shop located?
    The property is located at 3004 W State St Olean, NY.
    What is the asking price?
    The asking price for this property is $1,399,500.
    What are key features of this property?
    This property features: - High traffic location with over 16,000 vehicles per day.; - Dual road frontage on Independence Drive and NYS Route 417 provides **excellent visibility and accessibility**.; - Spacious lot with ample parking and outdoor space, allowing for growth and expansion.
    (716) 763-7506
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    3004 W State St Olean, NY 14760
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    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
    3004 W State St Olean, NY 14760
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