1507 E State Street Olean, NY $ 165,000
1507 E State Street
$ 165,000
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1507 E State Street

Olean, NY, 14760
$ 165,000
Bedrooms-- Baths-- Sq 1,320

Monthly Estimate*

$ 1,140

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Commercial Property for sale in Olean, NY

for $165,000. This 1,320 square foot building was built in 1910 on a lot size of 0.2899.

INVESTORS & ENTREPRENEURS—OPPORTUNITY IS KNOCKING! Discover the possibilities with this versatile 3-building mixed-use property, situated on .29 acres along a high-traffic corridor in the City of Olean! Presently zoned Industrial, this unique property offers an excellent combination of residential, commercial, and business potential! The front building features a flexible first-floor space that could serve as a professional office, business headquarters, or potential efficiency apartment, while the second floor boasts a finished, move-in-ready 2-bedroom apartment—perfect for generating rental income! Behind the main building is an additional commercial building, currently operating as a small engine repair business. One side features a reception area, office, and storefront space, while the other offers an expansive garage/workshop with a second floor for additional storage or workspace! With over 10 parking spaces, a pole sign for excellent business visibility, and a fenced-in green area, this property has so much to offer! Whether you're looking to establish your own business, expand an existing operation, or invest in a property with multiple potential income streams, the possibilities are exciting! Affordably priced and ready for its next chapter—bring your vision and MAKE US AN OFFER! All proposed uses are subject to applicable zoning and municipal approvals.

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Commercial Active

Price

$ 165,000

Property Type

Commercial

Taxes

$ 2,982

Style

Business

Lot Size

0.2899

Year Built

1910

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1728963

Features
General
Sewer PublicSewer
Heating Gas Baseboard ForcedAir MultipleHeatingUnits WallFurnace
Utilities SewerConnected WaterAvailable
Possession CloseOfEscrow
Roof Asphalt
Zoning industrial
Construction Materials BlownInInsulation
School District Olean
Year Built 1910
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Warehouse
Garage Y/N Yes
Building Features Office PoleSign
Status Active
City Olean
High School District Olean
Zoning Description Industrial
Number Of Units Total 0
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 12630.0
Year Built Details Existing
Tax Annual Amount 2982.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 50500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 12
Property Sub Type Additional Business Office Apartment MixedUse
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Exterior
Parking Features Fenced OnSite Surfaced
Lot Features Rectangular RectangularLot
Total Parking 15.0
Inclusions Land and Building
Lot Size Area 0.2899
Number of Buildings 3
Building Area Total 1320.0
Lot Dimensions 97X130
Lot Size Acres 0.2899
Waterfront Y/N No
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Interior
Total Fireplaces 0
Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Internal Only
Street Number 1 1507
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* Excluded Features
List By
Exp-Premier Listings Team

Broker

(716) 307-8894

Phone

Affordability Calculator

$1,388
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,140
Monthly Property Taxes
$249
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
11/13/2026$165,000 Listed Price

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1507 E State Street, Olean, NY, 14760 is a Commercial Property for sale at $165,000 with 1,320 sqft and a lot size of 0.2899. 1507 E State Street was built in 1910. The property's zip code is 14760 which is in Olean, NY