Property profile

1401 State St Olean, NY 14760

OFF-MARKET
Commercial land
Property ID
US63-0811997
1 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

A 2.93+/- acre vacant land parcel in Olean is located directly across from the former Dal Tile Plant. The site is level at street grade and provides frontage on multiple area streets, including both the north and south sides of East State Street and North Clark Street. Existing site improvements include rail line access, a rail-oriented building, and a shop. Utilities available at/for the site include city water and sewer, as well as NYSEG gas and electric. The property is accessible to the WNY Pennsylvania Railroad CCAS Southern Tier Extension Railroad Authority and is positioned along an east/west arterial roadway on the north side of East State Street at the eastern edge of the City of Olean, with convenient access to exit 17 of the Southern Tier Expressway (I-86). The site is configured to support uses such as manufacturing, distribution, industrial activity related to oil and gas, warehousing, and storage.

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Auto Repair Shop

Location

1401 State St Olean, NY 14760-3819
Olean metro Census 961800 OLEAN, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2023
Last sale
$355,000
2 recorded transactions
2023
Price N/A
2023
$355,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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