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Howard Hanna Professionals

Olean Office:
410 Wayne Street
Olean, NY 14760
Phone: (716) 372-1155
Fax: (716) 372-7057

Bradford Office:
30 Bolivar Drive
Bradford, PA 16701
Phone: (814) 362-7450
Fax: (814) 362-7451
Bradford Area Website

Smethport Office
104 Forest Ave
Smethport, PA 16749
Phone: (814) 887-7772
Fax: (814) 887-5560

Kane Office
30 Fraley Street
Kane, PA 16735
Phone: (814) 837-8540
Fax: (814) 837-8455

Email: dennispezzimenti@howardhanna.com

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$174,900 A-Active

1615 West State Street
Olean, NY 14760

2 units |
14,675 sq ft;
lot: 13229 sq ft
Commercial: Commercial - MLS# R1187676
Property Photo
1/17

Description

Solid investment opportunity available, this property produces a 12% cap rate at full asking price, making it very investable. All of the units are rented by tenants with three out of five being long term tenants. The building offers ample parking, the roof has been repaired and replaced over the current owner's tenure of ownership and is on the busiest street in Olean. Call for a showing today

Features

  • # of Parking Spaces: 20
  • Category: Apartments, Commercial, Mixed Use
  • City Village Tax: 2005
  • Construction: Block
  • County/Area: Cattaraugus County
  • Directions To Property: On West State Street, Immediately Past The Traffic Light Coming From The Corner Of State And Union
  • Elementary School: Washington West Elementary
  • Floor Description: Carpet, Hardwood-Some, Linoleum/Vinyl
  • Gross Annual Income: 26332
  • Heating Fuel Description: Gas
  • High School: Olean Senior High
  • HVAC Type: Forced Air
  • Listing Status: A-Active
  • Living Quarters Description: Apartment
  • Living Quarters YN: Yes
  • Location: Business District
  • Lot Dimensions Depth: 135
  • Lot Dimensions Frontage: 98
  • Lot Number: 50
  • Lot Size: 0.3037
  • Middle School: Olean Middle
  • Nearest Cross Street: N 15th Street
  • Number Of 2 Bedroom Units: 1
  • Number Of 3 Bedroom Units: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Water
  • Parking Spaces: 20
  • Property Type: Commercial
  • Roof Description: Rubber Membrane
  • Sale Includes: Land And Building
  • School District: Olean
  • School Tax: 3625
  • Sewer Water: Public Sewer Connected
  • Sq.Ft.: 14675
  • Stories: 2-Story
  • Sub Type: Commercial
  • Total Rooms: 9
  • Total Stories: 2
  • Total Taxes: 7625
  • Town County Tax: 1995
  • Transaction Type: Sell
  • Units: 2
  • Village: Not Applicable
  • Year Built: 1905
  • Year Built Description: Existing
  • Zip Code: 14760
  • Zoning: COM 1


Howard Hanna Professionals
Howard Hanna Professionals 410 Wayne Street
Olean, NY 14760
Phone: (716) 372-1155
Fax: (716) 372-7057
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