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.
Property Details
Price:
$159,900
MLS #:
B1659799
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
MixedUse
Neighborhood:
oleancity041200
Listed Date:
Jan 28, 2026
Finished Sq Ft:
9,180
Total Sq Ft:
9,180
Lot Size:
6,846 sqft / 0.16 acres (approx)
Year Built:
1910
See this Listing
Schools
School District:
Olean
Interior
Cooling
Zoned
Heating
Gas, Zoned
Levels
Two
Exterior
Lot Features
Irregular Lot
Parking Spots
4
Parking Total
4
Roof
Flat
Stories
2
Financial
Taxes
$5,613
Map
Community
- Address514 West 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
- 514 West State Street Olean NY is a Commercial for sale in Olean, NY, 14760. It is listed for $159,900
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Courtesy of ERA Team VP Real Estate. 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. 514 West State Street
Olean, NY