514 West State Street

Olean, NY 14760

$214,900
Price
Beds
9,180 Sq. Ft.
$23 / Sq. Ft.
9,180
Sq. Ft.
$23
per Sq. Ft.

Description

Great investment opportunity! TWO Commercial fronts (One occupied at this time). Four upper apartments all occupied. Highly visible and located on West State Street. This 6 unit Commercial / Residential building features 6100 sqft of opportunity! NEW Roof 2022. Some new windows. Upper four rentals total 3060 sqft. One 2bed1bath and three 1bed1bath Off street parking with 3-4 spaces in the rear. Don't miss this opportunity to feature your own business while having rental oncome or commercial investment.Great investment opportunity! TWO Commercial fronts (One occupied at this time). Four upper apartments all occupied. Highly visible and located on West State Street. This 6 unit Commercial / Residential building features 6100 sqft of opportunity! NEW Roof 2022. Some new windows. Upper four rentals total 3060 sqft. One 2bed1bath and three 1bed1bath Off street parking with 3-4 spaces in the rear. Don't miss this opportunity to feature your own business while having rental oncome or commercial investment.
  1. Listed by Amy L Henzel • ERA Team VP Real Estate
    P: (716)-372-2234 C: (716)-560-8624 Amy@AmyHenzel.com

Property Details for 514 West State Street

On Waterfront
No
Parking Description
Common, Parking Fee
Zoning Code
COM-1
Nearest Cross Street
North 5th Street
LISTING UPDATED: 10/18/2024 11:30 AM

Property Details for 514 West State Street

StatusActive
MLS #B1512669
Days on Market383
Taxes$5,487 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1910
Lot Size0.16 AC / 6,846 SF
CountyCattaraugus County

Building Information for 514 West State Street

Stories2Residences-Year Built1910Lot Size0.16 AC / 6,846 SF

Property Information for 514 West State Street

Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: 4.00
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $5,487.00
Property
Lot Information
  • Building Area Total: 9180.0
  • Num Of Acres: 0.1572
  • Lot Size Area: 0.1572
  • Lot Size Square Feet: 6846.0
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 041200-094-064-0009-013-000-0000
  • Possible Uses: Residential, Retail, Service
  • Lot Number: 13
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $100,000
  • Year Built: 1910
  • Year Built Description: Existing
  • Zoning Description: Commercial
  • Property Sub Type Additional: Apartment, Mixed Use, Commercial
Utilities
  • Utilities Available: Water Connected
  • Water Supply: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Metal, Other, See Remarks
Interior Features
  • HVAC Type: One Unit
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Individual, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 9180.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease YN: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 514 West State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 514 West State Street

Taxable ValueLand$9,700Additions$90,300Total$100,000
Home Facts
Total Finished SqFt6,120 SqFtAbove Grade Finished SqFt6,120 SqFtUnfinished Basement SqFt3,060 SqFtStories2Lot Size6,846 SqFtStyleOffice BuildingYear Built1910CountyCATTARAUGUSAPN041200 94.064-9-13

Schools near 514 West State Street

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Public - 2 to 10
Public - 8 to 12
Public - PK to 3
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public2 to 10

Olean Senior High School
Public8 to 12

East View Elementary School
PublicPK to 3

Washington West Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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514 West State Street is for sale in Olean, NY 14760. This property was listed for sale on December 5, 2023 by ERA Team VP Real Estate, it's currently listed at $214,900. It has been on the market for a total of 383 days and was last sold on June 4, 2010. This listing's school district is Olean City School District. Nearby schools include Olean Middle School, Olean Senior High School and East View Elementary School. 514 West State Street is a 0-bed, 0-bath, 9,180 sqft built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Team VP Real Estate

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.