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Two-Story Office Building
For Sale
$219,000

2216-2218 W State Street, Olean, NY 14760

Open commercial layout with balcony, multiple bathrooms, kitchen, and rear parking.

Property Size7,382 SF
Price / SF$29.67
Days on Market23

Property Features for 2216-2218 W State Street

General Information

Standard status Active
Size 7,382 SF

Additional Details

Road Access Yes

Amenities

large open room
soaring ceiling
upper-level balcony
full bathrooms
kitchen
storage/reception area

Building Details

Buildings 1
Stories 2
Tenancy Single
Owner Occupied No
Listing Agency: Howard Hanna Professionals - Olean
Listed By: Regis Handley · License #10301215129
Source: Nicholcityrealty
Added: Aug 19 Changed: Sep 8 Last Checked: Sep 9 at 10:07AM

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

Investment Insights

Based on property information with market context.

This two-story office building, constructed in 1995, is currently tenant occupied and being used as a residence. The first floor features a large open room with a ceiling extending to the second level, plus an upper balcony overlooking the space. Additional first-floor features include two full bathrooms, a kitchen, and a storage or reception area. The second floor contains one full bathroom and three additional rooms that can serve as offices, meeting rooms, storage, or workspace configurations.

The property is located at 2216-2218 W State St in Olean, directly along W State Street, described as one of the city’s main commercial corridors. More than 24 parking spaces are positioned behind the building. The property has a bike score of 61 and a walk score of 65. Showings require a minimum of 24 hours’ notice.

Key Highlights

  • Two‑story office building constructed in 1995
  • Large open front room with ceiling extending to the second floor
  • Upper‑level balcony overlooks the main open area

Property Analytics

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Current Use

Office buildings

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

Single-tenant
Tenancy
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
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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
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Frequently Asked Questions

What type of property is this?
Office building - Open commercial layout with balcony, multiple bathrooms, kitchen, and rear parking.
Where is this office building 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: Two‑story office building constructed in 1995; Large open front room with ceiling extending to the second floor; Upper‑level balcony overlooks the main open area
More about this property
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