205 12Th StOlean, NY 14760

For Sale
$74,900

Prime Retail Space, Owner/User Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 1,320 SF storefront at 205 North 12th Street, Olean, NY.
  • High-visibility downtown location, single-story Class C building on a 0.12-acre lot.
  • Built in 1914, commercially zoned (grandfather clause).
  • Features large display windows and a rear 9' x 8' drive-in.
  • Currently leased month-to-month, offering immediate income potential.
  • Priced at $74,900 ($56.74/SF), suitable for retail, office, or storage.

Property Details for 205 12Th St

Property type
Other retail properties, Individual retail properties
Square Feet
1,320 SF
Class
C
Year Built
1914
Buildings
1
Stories
1
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.0802415
Longitude
-78.4448462
205 12Th St, Olean, New York

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205 12Th St
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