Mixed-Use Building With
For Sale
$159,900
514 W State Street, Olean, NY 14760
COM-1 commercial zoning supports a combination of street-level storefronts and upper-floor residential units.
Property Size9,180 SF
Price / SF$26.21
Days on Market215
Property Features for 514 W State Street
General Information
Standard status
Active
Size
9,180 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
COM-1, Commercial
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,613
Building Details
Building Size
9,180 SF
Year Built
1910
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
ERA Team VP Real Estate
(716) 560-8624
Listed By:
Amy L Henzel
(716) 560-8624
Source:
Northstarwny
Added: Jan 28
Changed: Aug 29
Last Checked: Aug 30 at 5:44PM
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
Investment Insights
Based on property information with market context.
Constructed in 1910, this mixed-use property contains approximately 6,100 square feet across six total units. The building includes two commercial storefronts at street level and four apartments above. One storefront is currently occupied, while all four apartments are rented.
The residential portion totals 3,060 square feet and includes one two-bedroom, one-bath apartment plus three one-bedroom, one-bath apartments. Property improvements include a new roof installed in 2022 and some newer windows. The property is zoned COM-1, Commercial, and is located at 514 W State Street in Olean, New York.
The residential portion totals 3,060 square feet and includes one two-bedroom, one-bath apartment plus three one-bedroom, one-bath apartments. Property improvements include a new roof installed in 2022 and some newer windows. The property is zoned COM-1, Commercial, and is located at 514 W State Street in Olean, New York.
Key Highlights
- Approximately 6,100 sq ft of mixed‑use space across 6 total units
- Two street‑level commercial storefronts, including 1 currently occupied space
- Four fully rented upper‑level apartments totaling 3,060 sq ft
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
918
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - COM-1 commercial zoning supports a combination of street-level storefronts and upper-floor residential units.
Where is this mixed-use property located?
The property is located at 514 W State Street Olean, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 6,100 sq ft of mixed‑use space across 6 total units; Two street‑level commercial storefronts, including 1 currently occupied space; Four fully rented upper‑level apartments totaling 3,060 sq ft
