1401 East State St, Olean, NY 14760
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.
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Tim Hortons Cafe & Coffee Shop
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John Derx Auto Electric Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.