1618-1620 Route 417 Olean, NY $ 225,000
1618-1620 Route 417
$ 225,000
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1618-1620 Route 417

Olean, NY, 14760
$ 225,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 1,404

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Commercial Property for sale in Olean, NY

for $225,000. This 3,000 square foot building was built in 1940 on a lot size of 0.991.

Unique Mixed-Use Property – Residential & Commercial Space on One Parcel! Endless potential awaits with this versatile mixed-use property featuring both a comfortable residence and an established commercial building — all on one parcel! The residential home is a well-maintained ranch-style house offering 2 bedrooms, 1 full bathroom, a spacious kitchen, cozy living room, and a back deck perfect for relaxing. The home also includes a 2-car garage and a fully fenced backyard, ideal for privacy, pets, or entertaining. Adjacent to the home is a commercial building currently operating as an automotive shop. This structure includes a retail storefront and 7 service bays, offering ample space for a variety of business uses. Behind the building, you'll find a large fenced-in lot suitable for storage, overflow parking, or future expansion. Whether you're an investor looking for a strong income property, a business owner seeking live/work flexibility, or someone ready to launch a new venture, this property checks all the boxes.

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Commercial Pending

Price

$ 225,000

Property Type

Commercial

Taxes

$ 3,577

Style

Business

Lot Size

0.991

Year Built

1940

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1601778

Features
General
Sewer SepticTank
Heating Gas ForcedAir
Utilities WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Zoning RES 1
School District Olean
Year Built 1940
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Automotive Manufacturing Retail Service SpecialUse Warehouse
Total Rooms 5
Status Pending
City Olean
High School District Olean
Zoning Description Residential Multi Use
Number Of Units Total 0
MLS Area Olean- Town-046600
Lot Size Units Acres
Lot Size Square Feet 43168.0
Year Built Details Existing
Tax Annual Amount 3577.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Pending
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 55500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 57
Property Sub Type Additional Business Office Retail Commercial
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Interior
Basement Full
Total Fireplaces 0
Total Stories 1
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 40.0
Inclusions Land and Building
Lot Size Area 0.991
Number of Buildings 5
Building Area Total 3000.0
Lot Dimensions 152X284
Lot Size Acres 0.991
Waterfront Y/N No
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Internal Only
Street Number 1 1618
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* Excluded Features
List By
Howard Hanna Professionals - Olean

Broker

(716) 307-9256

Phone

Affordability Calculator

$1,702
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,404
Monthly Property Taxes
$298
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/6/2025$225,000 -8.16% Price Down
4/23/2025$245,000 Listed Price

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1618-1620 Route 417, Olean, NY, 14760 is a Commercial Property for sale at $225,000 with 3,000 sqft and a lot size of 0.991. 1618-1620 Route 417 was built in 1940. The property's zip code is 14760 which is in Olean, NY