921 Wayne StOlean, NY 14760

Property Details for 921 Wayne St

Year built

2011

Lot size

0.33 AC

Property size (Sq ft)

2,153 SF

Property type

Office buildings

APN

041200 94.056-5-45.2

APU

41200940565452

Description

This exceptional medical office space, located at 921 Wayne Street in Olean, New York, offers multiple tenancy options within a prime location in Cattaraugus County. The property is situated on the east side of the Olean trade area, providing excellent visibility and accessibility. Its strategic location offers unparalleled convenience, being just one mile from Olean General Hospital and two and a half miles from St. Bonaventure University. This proximity to major healthcare facilities and a prominent university ensures a strong patient and client base. Furthermore, the property benefits from its close proximity to the I-86 on/off ramps, less than a mile away, providing easy access to the rest of New York's Southern Tier region. This ensures convenient commutes for both staff and patients. The property type is classified as an office building, specifically designed and suited for medical practices. The building is available for multiple tenants, offering flexibility for various medical professionals or groups seeking collaborative space. The property's address is 921 Wayne Street, Olean, NY 14760. This presents a unique opportunity to establish or expand a medical practice in a thriving and accessible location within the Southern Tier. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $442,651

  6.5%

  $408,601

  7%

  $379,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $205,981

  Geo Method

  $135,445

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $814,050

  Retail / Commercial

  $415,560

  Mixed-Use / Specialty

  $412,596

  Hospitality / Lodging

  $300,778

  Institutional / Educational

  $428,403

  Residential Income

  $501,232

  Multifamily

  $609,368

  Automotive / Energy

  $367,203

  Parking / Income-Based Land

  $128,182

  Restaurant / Food Service

  $211,431

  Healthcare / Senior Housing

  $424,629

Location Insight

City

Olean

County

Cattaraugus

State

New York

Latitude

42.0849

Longitude

-78.4408

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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