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Flex Space with Warehouse Area
For Sale
$499,900

417 W State Street, Olean, NY 14760

Versatile commercial building with office, retail, and rear warehouse areas, plus mezzanine storage and loading access.

Property Size15,320 SF
Price / SF$32.63
Days on Market801

Property Features for 417 W State Street

General Information

Standard status Active
Size 15,320 SF
Total Parking Spaces 20
Property subtype Commercial
Zoning Commercial, Commercial

Taxes and HOA fees

Annual Taxes $26,315

Building Details

Building Size 15,320 SF
Year Built 1993
Buildings 1
Stories 1
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Paul Pezzimenti · License #10301214758
Source: Geneseeriverrealty
Added: Aug 16, 2024 Changed: Oct 24 Last Checked: Oct 23 at 7:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Professionals - Olean

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Investment Insights

Based on property information with market context.

Located at 417 W State Street in Olean, this 15,320-square-foot flex property occupies a 0.57-acre lot and was constructed in 1993. The building is arranged for adaptable commercial use, with space that can accommodate office, retail, or mixed-use functions. The rear portion includes a warehouse area with high ceilings, a mezzanine for added storage, and access for loading and unloading.

The property sits at the intersection of S 4th St and W State St. It is described as being in good overall condition, although the air conditioning units may require repair. The combination of varied interior space, warehouse functionality, and established street-corner positioning supports a range of commercial occupancy plans.

Key Highlights

  • 15,320 SF flex property on a 0.57‑acre lot
  • Constructed in 1993
  • Rear warehouse area with high ceilings

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby
Under-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Versatile commercial building with office, retail, and rear warehouse areas, plus mezzanine storage and loading access.
Where is this flex space located?
The property is located at 417 W State Street Olean, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 15,320 SF flex property on a 0.57‑acre lot; Constructed in 1993; Rear warehouse area with high ceilings
More about this property
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