Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial land

    1401 East State St, Olean, NY 14760

    1 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-0811997
    Property summary
    AI-generated overview

    This exceptional 10.55+/- acre vacant industrial land parcel presents a unique opportunity for development in Olean, New York. Located at 1401 E State St, 14760, this property boasts significant site improvements, including existing asphalt paving, paved parking areas, curbing, signage, landscaping, yard lighting, and drainage. The land is level at street grade and offers high visibility due to its corner location and frontage on several area streets, including both the north and south sides of East State Street. This high-traffic thoroughfare ensures excellent exposure for any business. The property is zoned for industrial use and benefits from readily available city water and sewer, as well as NYSEG gas and electric services. Its strategic location and extensive improvements make it an excellent site for a variety of uses, including manufacturing facilities, distribution centers, warehousing, storage, or operations related to the oil and gas industry. The site's size and accessibility make it a prime candidate for build-to-suit development, catering to specific business needs. High traffic volume and all available utilities further enhance its appeal as a premier industrial location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1 ac (43,560 SF)
    APN 041200 94.075-4-10.3
    UPID US63-0811997
    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
    Current use
    Occupant on record · Public records
    • Tim Hortons Cafe & Coffee Shop
    • John Derx Auto Electric Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tar Holdings LLC · 3 yrs held
    Tar Holdings LLC
    since 2023
    Last sale
    $355,000
    2 recorded transactions
    2023
    2023
    $355,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message