1020 State StOlean, NY 14760

Property Details for 1020 State St

Year built

1940

Lot size

0.25 AC

Property size (Sq ft)

1,432 SF

Property type

Commercial land

APN

041200 94.075-2-3

APU

412009407523

Description

This 2,500 square foot industrial warehouse, built in 1910 and renovated in 2014, sits on a 0.91-acre lot in Olean, NY (14760). Located at 1020 E State St, the property boasts approximately 190 feet of frontage on E. State St. and additional access via Grossman Ave. Currently zoned industrial, this single-story building offers versatile space, previously used as a boat storage and maintenance shop. The interior includes two small offices and a bathroom, with the majority of the space dedicated to open warehouse area. While the building features multiple loading docks at the rear, they are not currently in use. This property benefits from its convenient location near Route 417, minutes from Route 16 and the I-86 New York State Thruway, providing easy access to various transportation routes. Its proximity to restaurants, businesses, and residential areas in downtown Olean adds to its appeal. The asking price is $299,999, translating to $120 per square foot. This represents a unique opportunity for businesses seeking a well-situated industrial space with significant street frontage. The property comprises three separate parcels.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $541,438

  Retail / Commercial

  $276,396

  Mixed-Use / Specialty

  $274,424

  Hospitality / Lodging

  $200,052

  Office

  $271,767

  Institutional / Educational

  $284,938

  Residential Income

  $333,378

  Multifamily

  $405,301

  Automotive / Energy

  $244,233

  Parking / Income-Based Land

  $85,255.90

  Restaurant / Food Service

  $140,626

  Healthcare / Senior Housing

  $282,428

Location Insight

City

Olean

County

Cattaraugus

State

New York

Latitude

42.0746

Longitude

-78.4099

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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