Address
1123 W State Street, Olean-City, NY
Price
$ 225,000
Property Attributes
  • MLS#R1518437
  • TypeCommercial
  • CountyCATTARAUGUS
  • CityOlean-City
  • AreaOlean-City
  • Zip14760
  • Style
  • Year Built1900
  • Taxes$ 5139
  • Price$ 225,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6494
  • Lot Size6,900 SqFt
Data Source:
Greater Rochester AOR (GRAR)
Property Description

Experience the perfect blend of comfort and sophistication at our commercial building located in the heart of Olean. This versatile property offers an exceptional opportunity for an Airbnb venture upstairs or the establishment of a boutique hotel. Upstairs, discover seven meticulously designed one-bedroom, one-bathroom rooms, each exuding charm and coziness. Additionally, a luxurious three-bedroom suite with a full kitchen and bathroom awaits, ideal for larger groups or families. Downstairs, a well-equipped kitchen, inviting bar, and stylish lounge area create the ultimate space for relaxation and socializing. Whether you're seeking a cozy getaway or planning a group retreat, this property caters to every need. Unlock the potential of this prime location and create unforgettable experiences for your guests.

Price History
1/25/2024 Listed $275,000
2/27/2024 19% - $225,000

General Features

Sewer PublicSewer
Heating Gas,ForcedAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Asphalt,Membrane,Metal,Rubber
Zoning COM 1
Year Built 1900
Stories 2
Township Not Applicable
Levels Two
County Cattaraugus
Net Operating Income -5139.0
Property Type CommercialSale
Status Active
Directions Union to State St
City Olean-City
High School District Olean
Zoning Description Commercial
MLS Area Olean-City-041200
Lot Size Square Feet 6900.0
Waterfront Y/N No
Street Name State
Year Built Details Existing
Tax Annual Amount 5139.0
Property Condition Resale
Lease Considered Y/N No
Days on Market 33
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 95000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 2

Interior Features

Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street

Exterior Features

Total Parking 3.0
Inclusions Building Only
Lot Size Area 0.1584
Number of Buildings 1
Building Area Total 6494.0
Lot Dimensions 50X138
Lot Size Acres 0.1584
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 14760

Price
AVG $430K
$230K
Taxes
AVG $32,209
$5,139
Visits
AVG 96
92
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1900

Areas We Cover

Fair Housing Icon NY Fair Housing Notice