515 W State St Olean, NY 14760
Property profile & analytics
515 W State St, Olean, NY 14760
- Auto shops
- 32,844 SF
- 0.51 lot acres
Property ID
US63-1220784
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dunn Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 515 W State St
- Year built
- 1920
- Lot size
- 0.51 lot acres
- Property type
- Auto shops
- APN
- 041200 94.064-14-2
- APU
- 4120094064142
Description
This exceptional investment opportunity presents a two-unit, 32,844-square-foot retail building in Olean, NY, boasting a 10% cap rate and 100% occupancy. Located on a 0.51-acre lot at 515 W State St, this Class B property is situated in a high-traffic area of Olean's main commercial corridor, offering excellent visibility and proximity to numerous shops and restaurants. Currently occupied by Dunn Tire and WNY Glass & Door Co., the building features three garage doors, ample storage, and a two-story design. The asking price is $699,000, translating to $21.28 per square foot. Its prime location offers easy access to St. Bonaventure University, further enhancing its appeal and potential for strong rental income. This stabilized investment is ideal for discerning buyers seeking a high-return, multi-tenant property in a thriving commercial area. The property's strong tenant base and desirable location make it a compelling investment opportunity with significant long-term potential. This is a rare chance to acquire a well-positioned, income-producing asset in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $969,000
Market price range: $969k - $3.43M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4359
- Latitude
- 42.0771
- CBSA code
- 36460
- CBSA name
- OLEAN, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$30,200
$339,800
$370,000
-
$38,718
$435,641
$474,359
