1621 Washington Street Olean, NY $ 179,900
1621 Washington Street
$ 179,900
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1621 Washington Street

Olean, NY, 14760
$ 179,900
Bedrooms-- Baths-- Sq 4,968

Monthly Estimate*

$ 1,122

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Commercial Property for sale in Olean, NY

for $179,900. This 4,968 square foot building was built in 1920 on a lot size of 0.37.

Unlock the possibilities with this spacious commercial building just under 5,000 sq. ft., perfectly positioned parallel to West State Street and just a short drive to Allegany. Nestled near a well-established residential area, this property offers prime visibility and easy accessibility for a variety of business ventures. A standout feature is the 12-foot garage door, providing excellent access to the expansive open warehouse-style space in the front unit—ideal for storage, a workshop, or creative commercial use. The front unit is currently leased for $1,650/month until October, with the tenant open to extending, offering immediate income potential for an investor or owner-occupier. The back unit also has a large warehouse-style space, that could be anything. Currently it is being used as storage, but could be great shop space or potential for another tenant. For added convenience, the building includes two built-out offices and two bathrooms (one per unit), making it functional for a variety of business needs. With its strategic location, flexible layout, and endless potential, this property is a fantastic opportunity for investors or business owners looking for space, convenience, and income. Virtual tour available – explore the possibilities today!

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Commercial Active

Price

$ 179,900

Property Type

Commercial

Taxes

$ 3,839

Style

Lot Size

0.37

Year Built

1920

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1631722

Features
General
Sewer PublicSewer
Heating Gas SpaceHeater
Utilities ElectricityConnected SewerConnected
Possession CloseOfEscrow
Roof Flat
Zoning COM 1
School District Olean
Year Built 1920
Stories Count 1
Township Not Applicable
Levels One
County Cattaraugus
Property Type CommercialSale
Status Active
Directions From Route 417 (W State St) turn onto 17th Street turn onto Washington Street the property is directly across from Washington West Elementary
High School Olean Senior High
City Olean
High School District Olean
Zoning Description Commercial
Number Of Units Total 0
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 16250.0
Elementary School Washington West Elementary
Year Built Details Existing
Tax Annual Amount 3839.0
Middle/Junior High School Olean Middle
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 69900
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 3
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Interior
Total Fireplaces 0
Total Stories 1
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Total Parking 9.0
Inclusions Land and Building
Lot Size Area 0.37
Number of Buildings 1
Building Area Total 4968.0
Lot Dimensions 125X130
Lot Size Acres 0.37
Waterfront Y/N No
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Internal Only
Street Number 1 1621
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* Excluded Features
List By
Howard Hanna Professionals - Olean

Broker

(716) 378-7039

Phone

Affordability Calculator

$1,442
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,122
Monthly Property Taxes
$320
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
3323605 Elementary School
3323364 Middle School
Olean Senior High High School
Pricing History
DatePricePrice ChangeDescription
9/5/2025$179,900 Listed Price

Map


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1621 Washington Street, Olean, NY, 14760 is a Commercial Property for sale at $179,900 with 4,968 sqft and a lot size of 0.37. 1621 Washington Street was built in 1920. The property's zip code is 14760 which is in Olean, NY