Mixed-use opportunity on E State St in Olean. Property includes a 2-family home and a detached commercial building. Upper apartment is currently rented, providing immediate income. Lower unit offers flexibility for conversion to an additional apartment or office space. Second structure is set up for a small engine repair or similar commercial use. Large parking lot accommodates 10+ vehicles and includes gated access. Suitable for investors or owner-occupants seeking residential income with on-site business potential.
Property Details
Price:
$169,000
MLS #:
B1678469
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Neighborhood:
oleancity041200
Listed Date:
May 6, 2026
Finished Sq Ft:
1,320
Total Sq Ft:
1,320
Lot Size:
12,630 sqft / 0.29 acres (approx)
Year Built:
1910
See this Listing
Schools
School District:
Olean
Middle School:
Olean Middle
High School:
Olean Senior High
Interior
Cooling
Zoned
Flooring
Carpet, Concrete, Linoleum, Vinyl
Heating
Gas, Zoned, Baseboard, Forced Air, Hot Water
Levels
Two
Exterior
Building Features
Drive In Doors, Office, Pole Sign
Construction Materials
Block, Concrete, Wood Siding
Lot Features
Rectangular, Rectangular Lot
Parking Features
Driveway, Fenced, On Site
Parking Spots
10
Parking Total
10
Roof
Asphalt, Shingle
Stories
2
Financial
Taxes
$2,751
Map
Community
- Address1507 East State Street Olean NY
- CityOlean
- CountyCattaraugus
- Zip Code14760
Market Summary
Current real estate data for Commercial in Olean as of Jul 16, 2026
9
Commercial Listed
166
Avg DOM
51
Avg $ / SqFt
$300,967
Avg List Price
Property Summary
- 1507 East State Street Olean NY is a Commercial for sale in Olean, NY, 14760. It is listed for $169,000
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Courtesy of eXp Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 1507 East State Street
Olean, NY