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Property profile & analytics
OFF-MARKET
Commercial land

1020 State St Olean, NY 14760-3812

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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
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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