For Sale
$74,900

205 12Th St Olean, NY 14760

Prime Retail Space, Owner/User Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 1,320 square foot storefront at 205 North 12th Street in Olean, New York, presents a unique investment opportunity. Located in the heart of downtown Olean, this single-story, Class C building boasts a desirable location with high visibility. Built in 1914, the property sits on a 0.12-acre lot and is zoned for commercial use under a grandfather clause. The building features large display windows ideal for showcasing merchandise, and a convenient 9' x 8' drive-in access at the rear. Currently occupied by a long-term tenant under a month-to-month lease, this provides immediate income potential for investors. The tenant is willing to remain, offering flexibility for both owner-occupancy or continued rental income. Priced at $74,900 ($56.74 per square foot), this property is an excellent choice for a variety of uses, including retail, office space, or storage. The property's strong location and versatile layout make it an attractive investment for both seasoned investors and first-time buyers. Don't miss this chance to own a piece of downtown Olean. The sale is offered as a For Sale By Owner transaction.

Highlights

  • 1,320 SF storefront at 205 North 12th Street, Olean, NY.
  • High-visibility downtown location, single-story Class C building on a 0.12-acre lot.
  • Built in 1914, commercially zoned (grandfather clause).
  • Features large display windows and a rear 9' x 8' drive-in.
  • Currently leased month-to-month, offering immediate income potential.
  • Priced at $74,900 ($56.74/SF), suitable for retail, office, or storage.

Property Details for 205 12Th St

Property type
Retail properties, Retail space
Square Feet
1,320 SF
Class
C
Year Built
1914
Buildings
1
Stories
1
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Olean
County
Cattaraugus
State
New York
Latitude
42.0802415
Longitude
-78.4448462

FAQs

What type of property is this?
Retail property - Prime Retail Space, Owner/User Potential
Where is the retail property located?
The property is located at 205 12Th St Olean, NY.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: 1,320 SF storefront at 205 North 12th Street, Olean, NY.; High-visibility downtown location, single-story Class C building on a 0.12-acre lot.; Built in 1914, commercially zoned (grandfather clause).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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205 12Th St
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