205 12th St Olean, NY 14760-2003
- Investment properties
- 1,320 SF
- 0.12 lot acres
Current Use by Public Records
- Twin Tiers Contracting / Contractor
Property Details for 205 12th St
- Year built
- 1914
- Lot size
- 0.12 lot acres
- Property size
- 1,320 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 041200 94.064-1-17.2
- APU
- 41200940641172
Description
This exceptional 1,320 square foot storefront at 205 North 12th Street in Olean, New York, presents a unique investment opportunity. Located in the heart of downtown Olean, this single-story, Class C building boasts a desirable location with high visibility. Built in 1914, the property sits on a 0.12-acre lot and is zoned for commercial use under a grandfather clause. The building features large display windows ideal for showcasing merchandise, and a convenient 9' x 8' drive-in access at the rear. Currently occupied by a long-term tenant under a month-to-month lease, this provides immediate income potential for investors. The tenant is willing to remain, offering flexibility for both owner-occupancy or continued rental income. Priced at $74,900 ($56.74 per square foot), this property is an excellent choice for a variety of uses, including retail, office space, or storage. The property's strong location and versatile layout make it an attractive investment for both seasoned investors and first-time buyers. Don't miss this chance to own a piece of downtown Olean. The sale is offered as a For Sale By Owner transaction.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.445
- Latitude
- 42.0803
- CBSA code
- 36460
- CBSA name
- OLEAN, NY MICROPOLITAN STATISTICAL AREA
