1305 W State St Olean, NY 14760

5,130 SF 0.11 ac lot Built 1918

Entity Owned 1-yr Hold Free & Clear

Property ID

US63-3358088

$165,000 5,130 SF

1305 W State St, Olean, NY 14760
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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.