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    FOR SALE
    Commercial land

    1020 E State St, Olean, NY 14760

    1,432 SF 0.25 ac lot Built 1940
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-3812902
    Property summary
    AI-generated overview

    This 2,500 square foot industrial warehouse, built in 1910 and renovated in 2014, sits on a 0.91-acre lot in Olean, NY (14760). Located at 1020 E State St, the property boasts approximately 190 feet of frontage on E. State St. and additional access via Grossman Ave. Currently zoned industrial, this single-story building offers versatile space, previously used as a boat storage and maintenance shop. The interior includes two small offices and a bathroom, with the majority of the space dedicated to open warehouse area. While the building features multiple loading docks at the rear, they are not currently in use. This property benefits from its convenient location near Route 417, minutes from Route 16 and the I-86 New York State Thruway, providing easy access to various transportation routes. Its proximity to restaurants, businesses, and residential areas in downtown Olean adds to its appeal. The asking price is $299,999, translating to $120 per square foot. This represents a unique opportunity for businesses seeking a well-situated industrial space with significant street frontage. The property comprises three separate parcels.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1940
    Total area 1,432 SF
    Lot 0.25 ac (10,890 SF)
    APN 041200 94.075-2-3
    UPID US63-3812902
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Kents Sales INC · 10 yrs held
    Kents Sales INC
    since 2015
    1 recorded transaction
    2015
    $10,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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