1305 State St, Olean, NY 14760-2035

Property Details for 1305 State St

Year built

1918

Lot size

0.11 lot acres

Property type

Investment properties

Property subtype

Live-work space

APN

041200 94.064-10-5

APU

4120094064105

Description

This exceptional commercial property, situated at 1305 W State St in Olean, NY, presents a compelling investment opportunity. Boasting 6,680 square feet on a 0.4-acre lot, the building offers significant versatility. The main level is ideally suited for a variety of uses, from retail establishments to professional office spaces, capitalizing on its prominent location on a heavily trafficked West Olean street. The property's strong financial potential is further enhanced by the inclusion of several rental units, generating consistent supplemental income. Adding to its appeal is a sizable rear lot providing ample parking, a valuable asset in a busy commercial area. Convenient access is provided from both South 12th Street and South 13th Street, ensuring excellent visibility and accessibility for tenants and customers. The property is priced at $224,900, representing a significant return on investment given its diverse income streams and prime location. This is a rare opportunity to acquire a well-positioned commercial property with substantial growth potential in a thriving Olean market. The attached map provides further details on the property's layout and access points.

Location Insight

City

Olean

County

Cattaraugus

State

New York

Longitude

-78.4454

Latitude

42.0771

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments