1507 E State Street
Olean-City, NY 14760
- 1 bed
- 1 bath
- 1,320 sqft
- 12,630 sqft lot
- $113 per sqft
- 1910 build
- – on site
Imagine what can be done with this multi-use property! This property has gone through many changes and its history of multi-uses includes single family dwelling, apartments, office space and an abundance of small business opportunities. Currently, the property is used as a small engine sales, service and repair shop, with the house including a one bedroom apartment, and first floor office space (currently under construction which has been halted for new owner to decide direction of its use and potential). The full basement has its own entrance and was used as storage space. There is an abundance of parking for the shop, retail spaces and tenants. There is over 1600 square feet of usable ground floor space for your business, or hobbies and interests. The 1200 square foot barn with additional 1200 square feet of second floor space, has seen many uses such as a produce market, classic auto repair garage, its current use and more. Nearby businesses include coffee shops, restaurants, small grocery, landscaping, auto and recreational dealerships... The property is located between downtown Olean and Portville, NY near Westons Mills on on East State Street (Route 417 known as one of the states longest highways) which is historically significant as a major thoroughfare and hub for the oil and lumber industry, this street is still regarded as one of the most traveled roads in region, it remains vibrant and makes this property visible and ultimately accessible. The property with house and buildings is being sold as-is, with any equipment, products, parts/accessories and other business related materials being removed or sold separately. Also being sold as Commercial/Industrial Listing MLS# R1599179
Last checked:
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Checking…
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Last updated Apr 18, 2025
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MLS# R1599248 —
The Building
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Year Built:1910
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Year Built Details:Existing
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Construction Materials:AluminumSiding,AtticCrawlHatchwaysInsulated,BlownInInsulation,Brick,Block,Concrete,VinylSiding,WoodSiding,CopperPlumbing
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Roof:Asphalt,Shingle
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Basement:Full
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Basement:true
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Foundation Details:Block
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Exterior Features:FullyFenced
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Window Features:ThermalWindows
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Accessibility Features:Other
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Levels:Two
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Building Area Total:1320.0
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Building Area Source:PublicRecords
Interior
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Interior Features:CeilingFans
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Flooring:Carpet,Laminate,Varies,Vinyl
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Fireplace:false
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Laundry Features:WasherHookup
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:1,320 Sqft
Financial & Terms
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Rent Includes:Heat,HotWater,Water
The Property
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Property Type:Residential
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Property Subtype:MixedUse
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Property Condition:Resale
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Parcel Number:041200-094-075-0004-012-002-0000
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Zoning Description:Industrial
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Lot Features:CornerLot,IrregularLot,NearPublicTransit
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Lot Size Dimensions:97X130
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Lot Size Acres:0.2899
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Lot Size SqFt:12630.0
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Lot Size Area:0.2899
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Lot Size Units:Acres
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Waterfront:false
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Fencing:Full
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Road Frontage Type:MainThoroughfare
Listing Agent
- Contact info:
- Agent phone:
- (585) 307-2525
- Office phone:
- (716) 592-0341
Taxes
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Tax Lot:12
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Tax Annual Amount:2783.0
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Tax Assessed Value:50500
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
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Full Baths:1
Heating & Cooling
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Heating:Gas,Baseboard,HotWater
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Heating:true
Utilities
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Utilities:CableAvailable,ElectricityConnected,HighSpeedInternetAvailable,SewerConnected,WaterConnected
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Electric:CircuitBreakers
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
Schools
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Elementary School District:Olean
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Middle Or Junior School District:Olean
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High School District:Olean
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:5.0
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Parking Features:Garage,Gravel,ParkingAvailable,TwoOrMoreSpaces
Monthly cost estimate
Asking price
$149,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$802
|
| Taxes | $231 |
| Insurance | $41 |
| Utilities | $186 See report |
| Total | $1,260/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/18/25
Apr 18, 2025
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Listed / Active | NYSAMLS | $149,900 |
