2216-2218 W State Street Olean, NY $ 219,000
2216-2218 W State Street
$ 219,000
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2216-2218 W State Street

Olean, NY, 14760
$ 219,000
Bedrooms-- Baths-- Sq 7,382

Monthly Estimate*

$ 1,513

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Commercial Property for sale in Olean, NY

for $219,000. This 7,382 square foot building was built in 1995 on a lot size of 0.5026.

Opportunity awaits with this versatile commercial property located directly on W State Street, one of Olean’s main commercial corridors. Offering excellent visibility, convenient access, and more than 24 parking spaces located at the rear of the property, this building provides a unique opportunity for an investor, business owner, or entrepreneur looking for a property with plenty of flexibility and potential. The property is currently tenant occupied and being used as a residence, which is reflected in the listing photos. Upon entering the building, you’ll find an impressive large open room at the front of the property featuring a soaring ceiling that extends to the second floor. An upper-level balcony overlooks this space, creating an open and distinctive layout that could lend itself to a variety of future commercial configurations. The first floor also includes two full bathrooms, a kitchen, and an additional storage/reception area, providing plenty of functional space for a future business operation. The second floor offers another full bathroom along with three additional rooms that could potentially be utilized as offices, meeting rooms, storage, or other workspace depending on the needs of the next owner. With its prominent W State Street location, spacious interior, unique two-story layout, and substantial off-street parking, this property offers many possibilities for its next owner. Bring your ideas and explore the potential this commercial building has to offer. Property is currently tenant occupied. Please allow a minimum of 24 hours’ notice for all showing requests.

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Commercial Active

Price

$ 219,000

Property Type

Commercial

Taxes

$ 11,483

Style

Business

Lot Size

0.5026

Year Built

1995

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1707939

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Metal
Zoning Com 1
School District Olean
Year Built 1995
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Office ServiceBusiness
Status Active
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 21892.0
Year Built Details Existing
Tax Annual Amount 11483.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 200000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 26
Property Sub Type Additional Business Office Commercial
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Interior
Basement Full
Total Fireplaces 0
Total Stories 2
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 24.0
Inclusions Land and Building
Lot Size Area 0.5026
Number of Buildings 1
Building Area Total 7382.0
Lot Dimensions 54X404
Lot Size Acres 0.5026
Waterfront Y/N No
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Internal Only
Street Number 1 2216
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* Excluded Features
List By
Howard Hanna Professionals - Olean

Broker

(716) 307-9256

Phone

Affordability Calculator

$2,469
Per Month
61%
39%
0%
Monthly Principal & Interest
$1,513
Monthly Property Taxes
$957
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
8/18/2026$219,000 Listed Price

Map


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2216-2218 W State Street, Olean, NY, 14760 is a Commercial Property for sale at $219,000 with 7,382 sqft and a lot size of 0.5026. 2216-2218 W State Street was built in 1995. The property's zip code is 14760 which is in Olean, NY