3047 Nys Route 417 Olean, NY 14760
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 3047 Nys Route 417
- Year built
- 1900
- Lot size
- 0.20 lot acres
- Property size
- 3,063 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property in Olean, NY, presents a unique investment opportunity. Located on the busy Route 417W corridor, this offering includes two buildings totaling 3,063 square feet on a 0.2-acre lot. The main building is a fully equipped, turn-key salon, established for over 25 years, complete with four hair stations, two sinks, a waxing station, and a nail station. The existing owner is willing to include all equipment, inventory, and even their client list in the sale, providing a seamless transition for a new owner. The second building is a three-bedroom house currently generating $1200 per month in rental income. This property's prime location offers significant advantages, situated next to a hotel and across from Walmart and other big-box retailers, ensuring high visibility and foot traffic. The commercial zoning allows for diverse uses, making this an ideal investment for both established businesses and entrepreneurs seeking a profitable venture. The combination of a thriving salon and a consistently rented residential property provides immediate and substantial income streams, offering a compelling return on investment. The asking price for this exceptional property is $375,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4663
- Latitude
- 42.0766
