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Two-Story Office Building
For Sale
$219,000

2216-2218 W State Street, Olean, NY 14760

CommercialSale, Olean, NY

Property Size7,382 SF
Lot Size0.50 Acres
Price / SF$29.67
Days on Market50

Property Features for 2216-2218 W State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Com 1
Zoning description Commercial
Rooms Basement
Parking 24
Lot features Rectangular, Rectangular Lot
Elementary school district Olean
Middle school district Olean
High school district Olean
Subdivision Olean-City-041200
Standard status Active
APN 041200-094-063-0001-026-002-0000
Size 7,382 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Annual Amount 11483

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1995
Floors in Building 2
Roof type Metal
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Regis Handley · License #10301215129
Added: Aug 17 Changed: Sep 16 Last Checked: Oct 5 at 1:06AM
MLS# R1707939

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.

This 7,382-square-foot commercial building was constructed in 1995 and features a two-story interior with a large open front room extending upward to the second floor. An upper balcony overlooks the main space, while the first floor includes two full bathrooms, a kitchen, and a storage or reception area. Three additional rooms and another full bathroom are located upstairs. The property is currently tenant occupied and being used as a residence.

Set along W State Street in Olean, the property offers 24 parking spaces at the rear and convenient access from one of the area's main commercial corridors. The site encompasses 0.5026 acres and is zoned Com 1. Public water and public sewer serve the property, with natural gas and forced-air heating and a metal roof. Showings require a minimum of 24 hours' notice.

Key Highlights

  • 7,382‑square‑foot commercial building on 0.5026 acres
  • Two‑story layout with open front room and upper balcony
  • 24 rear parking spaces

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick HVAC Service Bakery (Bike/Boat/Book/etc) Store Garden Center Home Appliance Store Barber Shop

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

493
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
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible commercial building with open interior space, upper-level rooms, public utilities, and rear parking.
Where is this office units located?
The property is located at 2216-2218 W State Street Olean, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 7,382‑square‑foot commercial building on 0.5026 acres; Two‑story layout with open front room and upper balcony; 24 rear parking spaces
More about this property
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