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815 West State St Olean, NY 14760

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For Sale
$639,000

Retail property with long-term tenant in central business area.

Property Features for 815 West State St

General Information

Zoning
COM-1

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Listing Contact
Rick Recckio
Rick Recckio
Source: Recckio

Listing Agent: Rick Recckio

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

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Overview

Retail Investment Property For Sale

This developed retail property is an investment opportunity ideal for investors seeking to own a successful retail property. The property is located on West State Street, NY RT 417, in the central city business area, benefiting from excellent highway traffic. The property has a long-term successful tenant committed to the location and community. The CAP rate on NOI is 6.89%. The property is in close proximity to Saint Bonaventure University, Olean General Hospital, Jamestown Community College, Olean Mall, Tops, WalMart, Home Depot, Applebee's, and Dresser Rand.
Location Intelligence

Current Use by Public Records

Factory Motor Parts Auto Parts Store Auto Plus Auto ... Auto Parts Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Olean
County
Cattaraugus
State
New York
Longitude
-78.4395179
Latitude
42.0770997

FAQs

What type of property is this?
Retail space - Retail property with long-term tenant in central business area.
Where is this retail space located?
The property is located at 815 West State St Olean, NY.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: - High CAP rate of 6.89% on Net Operating Income (NOI); - Benefit from a long-term tenant committed to the location; - Excellent highway traffic location on NY RT 417
More about this property
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