About 514 W State Street
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.
Features of 514 W State Street
| MLS® # | B1659799 |
|---|---|
| Price | $149,900 |
| Bathrooms | 0.00 |
| Square Footage | 9,180 |
| Square Footage | 6846 |
| Acres | 0.16 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 514 W State Street |
|---|---|
| Area | Olean-City |
| City | Olean |
| County | Cattaraugus |
| State | NY |
| Zip Code | 14760 |
Amenities
| Utilities | Sewer Available, Water Connected |
|---|---|
| Features | Irregular Lot |
| Parking Spaces | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Zoned |
|---|---|
| Cooling | Zoned |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Lot Description | Irregular Lot |
|---|---|
| Roof | Flat |
School Information
| District | Olean |
|---|
Additional Information
| Zoning | COM-1 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ERA Team VP Real Estate |
|---|---|
| Contact Info | 716-560-8624 |