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Property profile & analytics

317 Wayne St Olean, NY 14760

  • Warehouses
  • 13,320 SF
  • 0.34 lot acres
Value Estimation
$310,000
Location Intelligence
Property ID
US63-3249448
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

  • Warehouses

Property Details for 317 Wayne St

Year built
1915
Lot size
0.34 lot acres
Property size
13,320 SF
Property type
Warehouses
APN
041200 94.057-6-1
APU
412009405761

Description

This exceptional 37,360+/- square foot industrial property in Olean, NY, presents a remarkable leasing opportunity. Situated on over four acres of land at 317 Wayne Street, this two-story building boasts a versatile layout ideal for warehouse and manufacturing operations, complemented by substantial office space. The property features two buildings, constructed in phases, culminating in a well-maintained structure with four loading docks, one drive-in door, and one grade-level door. Ample parking is available on both sides of the building, with additional rear access. The warehouse area benefits from 3-phase power, multiple gas heaters, and a centrally located roof AC unit, ensuring climate control in the 18' ceiling height section. The roof, comprised of flat rubber and A-frame sections, has undergone updates and is in excellent condition. The office space, renovated between 2010 and 2020, offers a blend of first-floor offices and storage, and three large executive offices with bathrooms and storage on the second floor. This prime location in downtown Olean provides easy access to major roadways, including the Southern Tier Expressway 86, Route 417, and Route 16, placing it within close proximity to Bradford, PA, and offering convenient access to shopping, retail, and entertainment options. The property is zoned for Commercial Business & Light Manufacturing and is immediately available for occupancy. The building was constructed in 1915 and extensively renovated in 2020. Total parking accommodates 45 vehicles.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $320,000
    6.5%
    $325,000
    7%
    $310,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $350,000
    Geo Method
    $315,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $295,000
    Mixed-Use
    $320,000
    Hospitality
    $330,000
    Educational
    $325,000
    Residential Income
    $345,000
    Energy
    $370,000
    Income-Based Land
    $375,000
    Food Service
    $350,000

Location Insight

  • Map
  • Local Demand
City
Olean
County
Cattaraugus
State
New York
Longitude
-78.4328
Latitude
42.0849
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
$18,500
$161,500
$180,000
-
$23,718
$207,051
$230,769
More about this property
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