MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT
Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof.
The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas.
The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality.
With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof.
The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas.
The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality.
With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Property Details
Price:
$174,900
MLS #:
R1706615
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
MixedUse
Neighborhood:
oleancity041200
Listed Date:
Aug 12, 2026
Finished Sq Ft:
5,594
Total Sq Ft:
5,594
Lot Size:
1,307 sqft / 0.03 acres (approx)
Year Built:
1890
See this Listing
Schools
School District:
Olean
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Varies, Vinyl
Heating
Gas, Forced Air, Radiators
Levels
Two
Exterior
Architectural Style
Triplex
Construction Materials
Fiber Cement
Garage Spaces
1
Lot Features
Pie Shaped Lot
Parking Features
Common, Gravel, On Street
Roof
Asphalt, Rolled Hot Mop
Stories
2
Financial
Taxes
$2,872
Map
Community
- Address318 Wayne Street Olean NY
- CityOlean
- CountyCattaraugus
- Zip Code14760
Market Summary
Current real estate data for Single Family in Olean as of Sep 03, 2026
84
Single Family Listed
99
Avg DOM
91
Avg $ / SqFt
$137,510
Avg List Price
Property Summary
- 318 Wayne Street Olean NY is a Single Family for sale in Olean, NY, 14760. It is listed for $174,900 and features 3 beds, 2 baths, and has approximately 5,594 square feet of living space, and was originally constructed in 1890. The current price per square foot is $31. The average price per square foot for Single Family listings in Olean is $91. The average listing price for Single Family in Olean is $137,510.
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Courtesy of Real Estate Pros & More. 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. 318 Wayne Street
Olean, NY