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1606 W State Street

Olean-City, NY 14760
  • $749,900
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: R1404001
UPDATED: 27 min ago
$749,900
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,888
    SQFT
  • $54
    $/SQFT
Neighborhood:
Olean-City-041200
Type:
Commercial-Lease
Built:
1922
County:
Cattaraugus
Area:
Olean-City-041200

School Information

Elementary School:
Washington West Elementary
Middle School:
Olean Middle
High School:
Olean Senior High
School District:
Olean
School Ratings & Info

Description

Great potential in this large mixed-use building. With 6,000 square feet of commercial space that is very open on the first floor, the possibilities are endless for the commercial space. In the upstairs, you will find 4 apartments, two of which are almost complete and the other two have roughed in electrical and are awaiting the finishing work. Future potential rental income projects to about $4,800 per month gross or $57,600 per year ($1,200 per month per apartment). The commercial space is projected at $72,000 per year or $6,000 per month. Total yearly revenue could be $129,600 at full occupancy. The exterior has been refinished and is awaiting an investor with ambition! Video walkthrough can be found at: https://youtu.be/fEwJ7GKso0s

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©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor MyTown Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than MyTown Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-07-02T13:14:20.82.
www.mytowncny.com/homes/128415066
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1606 W State Street Olean-City, NY 14760

  • Price: $749,900
  • Status: Active
  • On Site: 57 Days
  • Updated: 27 min ago
  • MLS #: R1404001
0
Beds
0
Baths
0
½ Baths
0.2
Acres
13,888
SQFT
$54
$/SQFT
1922
Built
Neighborhood:
Olean-City-041200
County:
Cattaraugus
Area:
Olean-City-041200
Elementary School:
Washington West Elementary
Middle School:
Olean Middle
High School:
Olean Senior High
School District:
Olean
Property Description
Great potential in this large mixed-use building. With 6,000 square feet of commercial space that is very open on the first floor, the possibilities are endless for the commercial space. In the upstairs, you will find 4 apartments, two of which are almost complete and the other two have roughed in electrical and are awaiting the finishing work. Future potential rental income projects to about $4,800 per month gross or $57,600 per year ($1,200 per month per apartment). The commercial space is projected at $72,000 per year or $6,000 per month. Total yearly revenue could be $129,600 at full occupancy. The exterior has been refinished and is awaiting an investor with ambition! Video walkthrough can be found at: https://youtu.be/fEwJ7GKso0s
Exterior Features

Construction Materials Block Parking Total 20 Roof MembraneRubber Waterfront YN No

Interior Features

Basement Full Fireplace YN No Fireplaces Total 0 Flooring Plywood Heating ElectricGasBaseboardForced AirSpace Heater Heating YN Yes Levels Two

Property Features

Documents Available Aerial Inclusions Land And Building Lease Considered YN Yes Listing Terms Cash Possession Close Of Escrow Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 4770 Zoning Com 1 Zoning Description Commercial

Chautauqua-Cattaraugus Board Of Realtors logo Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing provided by Paul Pezzimenti of Howard Hanna Professionals : 716-372-1155.
©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor MyTown Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than MyTown Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-07-02T13:14:20.82.
 
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