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Property at 514 W State Street, Olean, NY 14760
ACTIVE
0
$159,900

514 W State StreetOlean, NY, 14760

9,180 SqFt0.1572 Acres
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.

Est. Monthly

$758/mo

$159,900

514 W State Street, Olean, NY

9,180 SqFt0.1572 Acres

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.

StatusActive
Property TypeCommercial Sale
Property SubtypeMixed Use
Year Built1910
Days on Market117 days

Est. Monthly Payment

$757.92

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

514 W State Street

Olean, NY 14760 • Cattaraugus
—
Beds
—
Baths
9,180
SqFt
0.1572
Acres
Status
Active
Property Type
Commercial Sale
Property Subtype
Mixed Use
Year Built
1910116 years ago
Days on Market
117 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $5,613
Property History
  • Listed for sale
    Jan 28, 2026 • NYSAMLS • B1659799
    $159,900
Mortgage Calculator
Estimated monthly payment for this property
$757.92
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    B1659799
  • Listing Office
    ERA Team VP Real Estate
  • Last Updated
    117 days ago

Climate & Systems

  • Heating
    • Gas
    • Zoned

Interior Features

  • Basement
    Full

Parking

  • Parking Spaces
    4

Lot & Grounds

  • Lot Size
    0.1572 acres
  • Lot Features
    Irregular Lot

Type

  • Property Type
    Commercial Sale
  • Property Subtype
    Mixed Use

Structure

  • Roof
    Flat

Condition

  • Year Built
    1910
  • Condition
    Resale
  • Days on Market
    117 days
  • Water
    Public
  • Sewer
    None
  • Utilities
    • Sewer Available
    • Water Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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