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514 W State Street Olean, NY $ 159,900
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514 W State Street
$ 159,900
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514 W State Street

Olean, NY, 14760
$ 159,900
Bedrooms-- Baths-- Sq 9,180

Monthly Estimate*

$ 985

514 W State Street, Olean, NY 14760 - Image 1

Commercial Property for sale in Olean, NY

for $159,900. This 9,180 square foot building was built in 1910 on a lot size of 0.1572.

Great investment opportunity on highly visible West State Street! This mixed-use commercial/residential property offers 6 total units and approximately 6,100 sq ft of income-producing space. The building features two street-level commercial storefronts (one currently occupied) and four fully rented upper-level apartments totaling 3,060 sq ft, including one 2-bed/1-bath and three 1-bed/1-bath units. Updates include a new roof (2022) and some newer windows. Great opportunity for an owner-operator looking to run a business while generating rental income, or for investors seeking a solid commercial asset in a prime location.

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Commercial Active

Price

$ 159,900

Property Type

Commercial

Taxes

$ 5,613

Style

MixedUse

Lot Size

0.1572

Year Built

1910

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

B1659799
Features
General
Heating Gas Zoned
Cooling Zoned
Utilities SewerAvailable WaterConnected
Possession CloseOfEscrow
Roof Flat
Zoning COM-1
School District Olean
Year Built 1910
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MixedUse
Business Type BarTavernLounge
County Cattaraugus
Property Type CommercialSale
Possible Use Office Other Residential Retail ServiceBusiness Service
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 6846.0
Year Built Details Existing
Tax Annual Amount 5613.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 100000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 13
Property Sub Type Additional MixedUse 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 IrregularLot
Water Source Public
Total Parking 4.0
Inclusions Building Only
Lot Size Area 0.1572
Number of Buildings 1
Building Area Total 9180.0
Lot Dimensions 42X163
Lot Size Acres 0.1572
Waterfront Y/N No
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Internal Only
Street Number 1 514
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* Excluded Features
List By
Era Team Vp Real Estate

Broker

(716) 560-8624

Phone

Affordability Calculator

$1,452
Per Month
68%
32%
0%
Monthly Principal & Interest
$985
Monthly Property Taxes
$468
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3038230 Elementary School
3038160 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/28/2026$159,900 Listed Price

Map

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514 W State Street, Olean, NY, 14760 is a Commercial Property for sale at $159,900 with 9,180 sqft and a lot size of 0.1572. 514 W State Street was built in 1910. The property's zip code is 14760 which is in Olean, NY

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