Apartment Building with Retail/Office
For Sale
$165,000
1305 W State Street, Olean, NY 14760
SINGLE_FAMILY - Olean, NY
Property Size6,680 SF
Lot Size0.40 Acres
Price / SF$24.70
Days on Market165
Property Features for 1305 W State Street
General Information
Property type
Residential
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
Natural Gas, Forced Air, Space Heater
Cooling system
Separate Meters
Water source
Public
Building Details
Year built
1918
Floors in Building
2
Number of units
5
Flooring type
Linoleum, Carpet, Vinyl
Building materials
Frame
Roof type
Flat
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Dennis B. Pezzimenti · License #10491207167
(716) 378-8989
Added: Feb 28
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
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.
Investment Insights
Based on property information with market context.
Commercial-zoned apartment building on a heavily traveled street in West Olean. The first floor offers flexibility for retail or office use, and the property also includes several rental units for additional income. A rear portion of the building includes an additional lot with several parking spaces.
The building has access from South 12th Street and South 13th Street. Parking features include a fenced area and driveway access.
Constructed with frame materials and a flat roof, the property was built in 1918. Interior finishes include carpet, vinyl, and linoleum. Heating is provided via natural gas forced air and space heaters, and cooling is managed with separate meters. Utilities include public water and public sewer.
The building has access from South 12th Street and South 13th Street. Parking features include a fenced area and driveway access.
Constructed with frame materials and a flat roof, the property was built in 1918. Interior finishes include carpet, vinyl, and linoleum. Heating is provided via natural gas forced air and space heaters, and cooling is managed with separate meters. Utilities include public water and public sewer.
Key Highlights
- Commercial‑zoned apartment building on a heavily traveled street
- First floor offers retail or office opportunity plus several rental units
- Rear additional lot with several parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Commercial-zoned apartment building with first-floor retail or office opportunity and multiple rental units, plus a rear lot with parking access.
Where is this apartment building located?
The property is located at 1305 W State Street Olean, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Commercial‑zoned apartment building on a heavily traveled street; First floor offers retail or office opportunity plus several rental units; Rear additional lot with several parking spaces
