Flex Space Building with
For Sale
$499,900
417 W State Street, Olean, NY 14760
COMMERCIAL - Olean, NY
Property Size15,320 SF
Lot Size0.70 Acres
Price / SF$32.63
Days on Market727
Property Features for 417 W State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking
20
Parking features
Paved or Surfaced
Lot features
Irregular 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
Directions
On the corner of West State Street and South 4th Street.
Subdivision
Olean-City-041200
Standard status
Active
APN
041200-094-065-0011-044-001-0000
Size
15,320 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Annual Amount
26315
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
warehouse area
mezzanine level
loading/unloading access
Building Details
Year built
1993
Floors in Building
1
Flooring type
Concrete, Carpet, Hardwood, Varies
Roof type
Flat, Rubber, Membrane
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Paul Pezzimenti · License #10301214758
(716) 378-7039
Added: Aug 16, 2024
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# R1559459
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 flex space building offers versatile commercial space suitable for retail, office, or mixed-use options, with a spacious rear warehouse area and high ceilings. A mezzanine level provides additional storage, and the layout includes convenient loading/unloading access. The building was constructed in 1993 and sits on a 0.7-acre lot. Interior finishes vary and include carpet, hardwood, and concrete flooring. Heating is provided by natural gas with central forced air, and cooling is central air; the air conditioning units may require repair. The roof is described as rubber with a flat membrane system, and parking is paved or surfaced.
Located at the highly visible intersection of S 4th St and W State St in Olean, NY, the property is positioned for strong local exposure in a high-traffic area. Public water and public sewer services are available.
Overall, the property’s combination of flexible front space and warehouse-oriented rear space supports a range of commercial tenant needs requiring storage and practical access for receiving.
Located at the highly visible intersection of S 4th St and W State St in Olean, NY, the property is positioned for strong local exposure in a high-traffic area. Public water and public sewer services are available.
Overall, the property’s combination of flexible front space and warehouse-oriented rear space supports a range of commercial tenant needs requiring storage and practical access for receiving.
Key Highlights
- 15,320 SF flex space building constructed in 1993
- 0.7‑acre lot at the intersection of S 4th St and W State St
- Rear warehouse area with high ceilings and loading/unloading access
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Versatile flex space building on a 0.7-acre lot with a rear warehouse mezzanine, central air, and public utilities.
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 space building constructed in 1993; 0.7‑acre lot at the intersection of S 4th St and W State St; Rear warehouse area with high ceilings and loading/unloading access
