Mixed-Use Building with
New
For Sale
$149,900
514 W State St, Olean, NY 14760
Six units combine street-level commercial space with four upper-floor apartments and ongoing rental occupancy.
Property Size9,180 SF
Price / SF$16.33
Days on Market2
Property Features for 514 W State St
General Information
Standard status
Active
Size
9,180 SF
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
ERA Team VP Real Estate
Listed By:
Amy L Henzel
(716) 372-2234
Source:
Skinnercnyrealty
Added: Sep 4
Last Checked: Sep 4 at 2:49PM
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.
Located at 514 W State St in Olean, NY, this mixed-use property contains approximately 6,100 sq ft of income-producing space across six units. The layout includes two commercial storefronts at street level, with one currently occupied, plus four apartments above.
The residential component totals 3,060 sq ft and includes one two-bedroom, one-bath apartment and three one-bedroom, one-bath apartments. All four apartments are rented. Property improvements include a roof installed in 2022 and some newer windows, providing a documented update history for the 1910 building.
The residential component totals 3,060 sq ft and includes one two-bedroom, one-bath apartment and three one-bedroom, one-bath apartments. All four apartments are rented. Property improvements include a roof installed in 2022 and some newer windows, providing a documented update history for the 1910 building.
Key Highlights
- Six‑unit mixed‑use property with approximately 6,100 sq ft of income‑producing space
- Two street‑level commercial storefronts; one is currently occupied
- 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six units combine street-level commercial space with four upper-floor apartments and ongoing rental occupancy.
Where is this mixed-use property located?
The property is located at 514 W State St Olean, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Six‑unit mixed‑use property with approximately 6,100 sq ft of income‑producing space; Two street‑level commercial storefronts; one is currently occupied; Four fully rented upper‑level apartments totaling 3,060 sq ft
