Opportunity awaits with this versatile commercial property located directly on W State Street, one of Olean’s main commercial corridors. Offering excellent visibility, convenient access, and more than 24 parking spaces located at the rear of the property, this building provides a unique opportunity for an investor, business owner, or entrepreneur looking for a property with plenty of flexibility and potential.
The property is currently tenant occupied and being used as a residence, which is reflected in the listing photos. Upon entering the building, you’ll find an impressive large open room at the front of the property featuring a soaring ceiling that extends to the second floor. An upper-level balcony overlooks this space, creating an open and distinctive layout that could lend itself to a variety of future commercial configurations.
The first floor also includes two full bathrooms, a kitchen, and an additional storage/reception area, providing plenty of functional space for a future business operation. The second floor offers another full bathroom along with three additional rooms that could potentially be utilized as offices, meeting rooms, storage, or other workspace depending on the needs of the next owner.
With its prominent W State Street location, spacious interior, unique two-story layout, and substantial off-street parking, this property offers many possibilities for its next owner. Bring your ideas and explore the potential this commercial building has to offer. Property is currently tenant occupied. Please allow a minimum of 24 hours’ notice for all showing requests.
The property is currently tenant occupied and being used as a residence, which is reflected in the listing photos. Upon entering the building, you’ll find an impressive large open room at the front of the property featuring a soaring ceiling that extends to the second floor. An upper-level balcony overlooks this space, creating an open and distinctive layout that could lend itself to a variety of future commercial configurations.
The first floor also includes two full bathrooms, a kitchen, and an additional storage/reception area, providing plenty of functional space for a future business operation. The second floor offers another full bathroom along with three additional rooms that could potentially be utilized as offices, meeting rooms, storage, or other workspace depending on the needs of the next owner.
With its prominent W State Street location, spacious interior, unique two-story layout, and substantial off-street parking, this property offers many possibilities for its next owner. Bring your ideas and explore the potential this commercial building has to offer. Property is currently tenant occupied. Please allow a minimum of 24 hours’ notice for all showing requests.
Property Details
Price:
$219,000
MLS #:
R1707939
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Business
Neighborhood:
oleancity041200
Listed Date:
Aug 17, 2026
Finished Sq Ft:
7,382
Total Sq Ft:
7,382
Lot Size:
21,892 sqft / 0.50 acres (approx)
Year Built:
1995
See this Listing
Schools
School District:
Olean
Interior
Heating
Gas, Forced Air
Levels
Two
Exterior
Lot Features
Rectangular, Rectangular Lot
Parking Spots
24
Parking Total
24
Roof
Metal
Stories
2
Financial
Taxes
$11,483
Map
Community
- Address2216-2218 West State Street Olean NY
- CityOlean
- CountyCattaraugus
- Zip Code14760
Market Summary
Current real estate data for Commercial in Olean as of Sep 03, 2026
10
Commercial Listed
171
Avg DOM
74
Avg $ / SqFt
$284,270
Avg List Price
Property Summary
- 2216-2218 West State Street Olean NY is a Commercial for sale in Olean, NY, 14760. It is listed for $219,000
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Courtesy of Howard Hanna Professionals – Olean. 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. 2216-2218 West State Street
Olean, NY

