1305 State StOlean, NY 14760

For Sale
$224,900

High-traffic location, multiple income streams.

Overview

Added:
Feb 3
Days on market:
39
This exceptional commercial property, situated at 1305 W State St in Olean, NY, presents a compelling investment opportunity. Boasting 6,680 square feet on a 0.4-acre lot, the building offers significant versatility. The main level is ideally suited for a variety of uses, from retail establishments to professional office spaces, capitalizing on its prominent location on a heavily trafficked West Olean street. The property's strong financial potential is further enhanced by the inclusion of several rental units, generating consistent supplemental income. Adding to its appeal is a sizable rear lot providing ample parking, a valuable asset in a busy commercial area. Convenient access is provided from both South 12th Street and South 13th Street, ensuring excellent visibility and accessibility for tenants and customers. The property is priced at $224,900, representing a significant return on investment given its diverse income streams and prime location. This is a rare opportunity to acquire a well-positioned commercial property with substantial growth potential in a thriving Olean market. The attached map provides further details on the property's layout and access points.

Property Details for 1305 State St

Property type
Office properties, Other office properties
Square Feet
6,680 SF
Year Built
1918
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.07719
Longitude
-78.44536
1305 State St, Olean, New York

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1305 State St
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