Two-Story Mixed-Use
For Sale
$189,900
2423 N Nys Rte 16, Olean, NY 14760
CommercialSale, Olean, NY
Property Size2,583 SF
Lot Size0.74 Acres
Price / SF$73.52
Days on Market59
Property Features for 2423 N Nys Rte 16
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
Com 1
Zoning description
Commercial
Parking
6
Lot features
Rectangular, Rectangular Lot
Elementary school district
Olean
Middle school district
Olean
High school district
Olean
Subdivision
Olean- Town-046600
Standard status
Active
APN
046600-094-007-0001-004-000-0000
Size
2,583 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Annual Amount
4430
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Building Details
Year built
1960
Floors in Building
2
Flooring type
Carpet, Concrete, Linoleum, Vinyl
Building materials
Block, FiberCement, Concrete
Roof type
Flat
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Regis Handley · License #10301215129
(716) 307-9256
Added: Aug 15
Changed: Sep 22
Last Checked: Oct 12 at 4:06PM
MLS# R1707403
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 two-story mixed-use property combines a storefront-style commercial area on the first floor with a residential apartment spanning the entire second floor. The apartment includes four bedrooms and two full bathrooms, while the commercial portion can support retail, office, showroom, workshop, studio, or service-oriented operations. On-site parking adds practical convenience for occupants and visitors.
Built in 1960, the property sits on a 0.7438-acre lot measuring 180' x 180' along NYS Route 16 near Olean. The building contains 2,583 square feet and is served by a private well, septic system, natural gas, forced-air heat, and electric utilities. Block, fiber-cement, and concrete construction materials, along with a flat roof, are part of the existing improvements. Com 1 zoning is also reported.
Built in 1960, the property sits on a 0.7438-acre lot measuring 180' x 180' along NYS Route 16 near Olean. The building contains 2,583 square feet and is served by a private well, septic system, natural gas, forced-air heat, and electric utilities. Block, fiber-cement, and concrete construction materials, along with a flat roof, are part of the existing improvements. Com 1 zoning is also reported.
Key Highlights
- 2,583‑square‑foot mixed‑use building on a 0.7438‑acre lot
- First‑floor storefront‑style commercial space with on‑site parking
- Second‑floor apartment includes 4 bedrooms and 2 full bathrooms
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
31
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space below a full-floor four-bedroom apartment supports flexible live-work use.
Where is this mixed-use property located?
The property is located at 2423 N Nys Rte 16 Olean, NY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,583‑square‑foot mixed‑use building on a 0.7438‑acre lot; First‑floor storefront‑style commercial space with on‑site parking; Second‑floor apartment includes 4 bedrooms and 2 full bathrooms
