514 W State St, Olean, NY 14760
Well-trafficked mixed-use building with street-level storefront space and four fully rented apartments above.
- Added:
- Jan 28, 2026
- Days on Market:
- 144
- Last Refresh:
- Jun 21 at 2:23 am
Property Features for 514 W State St
General Information
- Standard status
- Active
- Size
- 9,180 SF
Listing agent Amy L Henzel (716) 560-8624
Listing office ERA Team VP Real Estate (716) 560-8624
Listing date Jan 28, 2026
Source Exprealty
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 ERA Team VP Real Estate
HighLights
- Mixed‑use building with 6 total units and approx. 6,100 sq ft of income‑producing space
- Two street‑level commercial storefronts on West State Street (one currently occupied)
- Four fully rented upper‑level apartments totaling 3,060 sq ft
- Apartment mix: one 2‑bed/1‑bath and three 1‑bed/1‑bath units
- Updates include a new roof (2022) and some newer windows
Overview
Located on West State Street, the property benefits from visibility afforded by street-level retail access. The commercial units are on the ground floor with separate storefront presentation, and the residential units are positioned on the upper level.
For an owner-operator, the setup allows for business occupancy at the street while collecting rental income from the upper apartments. For investors, the building’s existing residential occupancy and combination of commercial storefront space support a single-asset approach to mixed-use cash flow. The recent roof replacement and window updates are also practical considerations for buyers evaluating ongoing building maintenance.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4358826
- Latitude
- 42.0776567
