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Mixed-Use Building with Parking

1305 W State Street, Olean, NY 14760

For Sale
$149,900

CommercialSale, Olean, NY

Property Size6,680 SF
Lot Size0.40 Acres
Price / SF$22.44
Days on Market260

Property Features for 1305 W State Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Zoning description Commercial
Rooms Basement
Parking 25
Parking features Driveway, Fenced
Lot features Rectangular, Rectangular Lot
Elementary school Washington West Elementary
Middle school Olean Middle
High school Olean Senior High
Elementary school district Olean
Middle school district Olean
High school district Olean
Subdivision Olean-City-041200
Standard status Active
APN 041200-094-064-0010-005-000-0000
Size 6,680 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Annual Amount 4039

Utilities

Sewer type Public Sewer
Heating system Space Heater, Forced Air, Natural Gas
Cooling system Separate Meters
Water source Public

Building Details

Year built 1918
Floors in Building 2
Number of units 5
Flooring type Vinyl, Carpet, Linoleum
Building materials Frame
Roof type Flat
Buildings 1
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Dennis B. Pezzimenti · License NY #10491207167
Added: Feb 28 Changed: Oct 30 Last Checked: Nov 14 at 12:06AM
MLS# R1664336

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property contains 6,680 square feet on a 0.4-acre parcel. The first floor is described as suitable for retail or office occupancy, while several rental units provide additional space within the building. The structure dates to 1918 and features frame construction, a flat roof, carpet, linoleum, and vinyl flooring, along with space heater, forced-air, and natural-gas heating systems.

Located at 1305 W State Street in Olean, the property sits on a heavily traveled street in West Olean. Access is available from South 12th Street and South 13th Street. An additional rear lot provides several parking spaces, with driveway and fenced parking features. Public water and public sewer serve the property.

Key Highlights

  • 6,680‑square‑foot mixed‑use property on a 0.4‑acre parcel
  • First‑floor layout described for retail or office use
  • Several rental units included within the building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shawley Office Equipment ... Big Box & Wholesale Store

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Locksmith Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

314
Businesses Nearby

Demographics for 14760, NY

18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor space is described for retail or office use, with additional rental units in the building.
Where is this mixed-use property located?
The property is located at 1305 W State Street Olean, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 6,680‑square‑foot mixed‑use property on a 0.4‑acre parcel; First‑floor layout described for retail or office use; Several rental units included within the building
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