515 W State St Olean, NY
Fully leased commercial building with redevelopment potential on second floor.
Type:RETAIL
Property size:
6,200 SFLot size:
0.53 Acres- Added:
- Jul 28, 2025
- Days on Market:
- 248
- Last Refresh:
- Mar 29 at 8:31 pm
Property Features for 515 W State St
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Lot size
- 0.53 Acres
- Property subtype
- RETAIL
Listing agent Michelle Messina
Listing office TM Montante Development (716) 876-8899
Listing date Jul 28, 2025
Source Moodyscre
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 TM Montante Development
Overview
Commercial Building with Redevelopment Potential
This commercial building offers long-term income with added development potential. The first floor is fully leased to two established tenants: Dunn Tire and Western NY Glass & Door. Both storefronts have been recently updated and are consistently well-maintained. The second floor is currently used for inventory storage and features high ceilings, original wood floors, and generous natural light, presenting an opportunity for future redevelopment or reconfiguration. A fresh exterior paint job is scheduled for the summer of 2025. The property is located on a main thoroughfare and offers off-street parking. It is in close proximity to St. Bonaventure and Route 16. The property has a size of 6200 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dunn Tire
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4359
- Latitude
- 42.0772
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Fully leased commercial building with redevelopment potential on second floor.
Where is this retail space located?
The property is located at 515 W State St Olean, NY.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Well‑positioned commercial building on a main thoroughfare.; Fully leased to two long‑term tenants, providing stable, long‑term income.; Redevelopment potential on the second floor with high ceilings, original wood floors, and generous natural light.
