103 Barry St, Olean, NY 14760-3626
- Office buildings
- 6,004 SF
- 0.17 lot acres
Current Use by Public Records
- Legal Assistance of Western New York, Inc. ® / Law Firm
Property Details for 103 Barry St
- Year built
- 1880
- Lot size
- 0.17 lot acres
- Property type
- Office buildings
- APN
- 041200 94.065-7-18.1
- APU
- 41200940657181
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 1, 2017 | $194,700 | 92 Astor LLC | Cunningham,m Kay | Grant Deed | — |
| Apr 7, 2017 | — | M Kay Cunningham | James,travis | Grant Deed · related | — |
| Feb 4, 2010 | — | Preventure Partners LLC | James,travis | Grant Deed · related | — |
| Jan 19, 2010 | — | Preventure Partners LLC | James,travis | Grant Deed · related | — |
| May 12, 2008 | $59,500 | Travis James | Cunningham,m Kay | Grant Deed | — |
| Jul 11, 2006 | $89,000 | M Kay Cunningham | Tripodi,joseph | Warranty Deed | — |
Description
This exceptional mixed-use property, located at 103 S Barry St & 202 E State St in Olean, NY, presents a compelling investment opportunity. The three-building complex, totaling 20,814 square feet, sits on a 0.65-acre lot and boasts a prominent location on well-traveled E State Street, ensuring high visibility and accessibility. Built in 1917 and renovated in 2020, this four-story building currently operates at 40% occupancy with a gross lease structure. The property features a diverse tenant mix, including a long-term tenant (a law firm) occupying two floors for over 25 years. A former medical clinic connected to the main building offers significant redevelopment potential. The property's zoning permits multi-family use, opening doors to various business opportunities, including professional offices, multi-family units, banks, and medical practices. Ample on-site parking is available. The asking price is $499,000, translating to $23.97 per square foot. The current lease expires January 1, 2030, leaving a remaining term of 5.1 years. The property is classified as Class B and is considered a value-add investment. Its strategic location near the Southern Tier Expressway and surrounded by numerous amenities, including restaurants, retailers, and banks, further enhances its appeal. This property offers a unique blend of established tenancy and significant upside potential for a savvy investor. The property is zoned for multi-family use.
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Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4276
- Latitude
- 42.0774
- CBSA code
- 36460
- CBSA name
- OLEAN, NY MICROPOLITAN STATISTICAL AREA
