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Property profile & analytics

310 State St Olean, NY 14760

  • Specialty properties
  • 4,548 SF
  • 0.19 lot acres
Value Estimation
Location Intelligence
Property ID
US63-3344786
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Tap Room Tito's Lunches / Bar & Grill
  • The Salvation Army - Olean, NY / Non-Profit Organization / Church

Property Details for 310 State St

Year built
1929
Lot size
0.19 lot acres
Property size
4,548 SF
Property type
Specialty properties
APN
041200 94.065-6-2
APU
412009406562

Description

This remarkable three-story building, constructed in 1929, presents a unique investment opportunity in the heart of Olean, NY. The property encompasses 6,768 square feet of space, including a stunning mezzanine, offering exceptional versatility for a wide range of commercial uses. The main building features approximately 4,548 square feet of usable space on the first two floors, with additional space available in the basement and third floor. Adding to its appeal is a two-car garage with a driveway, and an adjacent parcel of land offering potential for expanded parking. Situated on a 0.19-acre lot, this property benefits from its prime downtown location, offering excellent visibility and accessibility. While priced affordably at $126,500, prospective buyers should note that the building requires some renovation. Specifically, the hot water baseboard heating system has a leak in an unidentified pipe, resulting in a lack of heat at present. Showings are available starting Monday, January 20, 2025. While historically significant in its architecture and location, the building is not officially listed as a historical landmark.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $305,000
    6.5%
    $300,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $250,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $240,000
    Retail
    $270,000
    Mixed-Use
    $275,000
    Hospitality
    $255,000
    Educational
    $240,000
    Residential Income
    $255,000
    Energy
    $270,000
    Income-Based Land
    $270,000
    Food Service
    $290,000

Location Insight

  • Map
  • Local Demand
City
Olean
County
Cattaraugus
State
New York
Longitude
-78.4261
Latitude
42.0774
CBSA code
36460
CBSA name
OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$14,700
$190,000
$204,700
-
$18,846
$243,590
$262,436
More about this property
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