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    1020 East State St Olean, NY 14760

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    For Sale
    $240,000

    Industrial-zoned property with warehouse space and frontage on East State.

    Property Features for 1020 East State St

    General Information

    Zoning
    Industrial

    Source: Rick Recckio Agent Rick Recckio

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

    Overview

    Olean Industrial Property on State

    Located on E. State St. in Olean, New York, this property comprises three separate parcels with approximately 190 feet of frontage on the main road. Zoned for industrial use, it is situated on the border of general business zoning. The property is currently used as a boat storage and maintenance shop. The structure is a steel pole barn of approximately 2550 square feet. The space includes two small offices and a bathroom, with the majority of the building being open warehouse space. The back of the building has multiple docks that are not in use. The property is in close proximity to restaurants, businesses, and downtown Olean, as well as residential houses. It offers easy access from route 417 and is just minutes from Route 16 and New York state Thruway I-86. The lot size is approximately 0.60 acres and has side access to Grossman Ave. This property serves a number of potential uses for any business or corporation and is in an ideal location for any general business or industrial usage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.409908
    Latitude
    42.0745715

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    FAQs

    What type of property is this?
    Warehouse - Industrial-zoned property with warehouse space and frontage on East State.
    Where is this warehouse located?
    The property is located at 1020 East State St Olean, NY.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Ideal location on E. State St. with 190 ft frontage, offering high visibility and accessibility.; - Industrial zoning allows for a wide range of business and industrial uses.; - **2550 SF steel pole barn structure provides ample open warehouse space.**
    (716) 998-4422
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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
    1020 East State St Olean, NY 14760
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